student loans

The borrowers say they were defrauded by their colleges, but the class-action lawsuit to erase their federal student loans has been tangled up in courts for years.

A proposed federal student loan rule could prohibit students attending certain college programs from getting federal loans — 16 in the state of Michigan have preliminarily been flagged.

Under the rule, postgraduate programs could lose Federal Direct Loan access if graduates make less than those with just a high school diploma in the same state.

At Eastern Michigan University, students pursuing education degrees can get help repaying their student loans if they make less than $50,000 a year.

The SAVE Plan is ending and repayment options will change dramatically in the new year.

Legal challenges put SAVE borrowers in limbo for months, a time during which they were not required to make payments on their loans. That would change if the proposed settlement is approved.

Under new Trump administration rules, students won't be able to borrow as much for medical or nursing school or some other health professions.

House Republicans have a plan that would force schools to reimburse the government for a share of the federal loans their students don't repay.

The FAFSA rollout for the 2025-26 academic year has been delayed, continuing headaches for students applying for federal aid. The updated 2024-25 FAFSA form suffered from a series of delays, glitches, and other issues, impacting the number of students who chose to fill out the application for student aid.

More than 900,000 federal student loan borrowers are seeing their loans erased after being in repayment for two decades or more.