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At Eastern Michigan University, students pursuing education degrees can get help repaying their student loans if they make less than $50,000 a year.
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The SAVE Plan is ending and repayment options will change dramatically in the new year.
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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.
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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.
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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.
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More than 900,000 federal student loan borrowers are seeing their loans erased after being in repayment for two decades or more.
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Student loan payments were paused during the pandemic. In that time, millions of borrowers have had their loan servicer change. Attorney General Dana Nessel signed a letter with 18 other attorneys general, calling on the Biden administration to protect borrowers who run into processing issues.
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Hundreds of thousands of Michigan residents will not get anticipated federal student loan relief, after the U.S. Supreme Court nixed a Biden administration plan.
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The court has struck down President Biden's plan to discharge federal student loan debt for tens of millions of Americans. Here are five takeaways for borrowers and the country.
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Eligible applicants can receive up to $300,000 in debt relief.