Department of Education

The student loan policies of the Trump administration, backed by Congressional Republicans, could pose a significant risk to the U.S. economy, potentially overshadowing concerns about Trump’s tariff policies, according to an expert. What Happened: The student loan debt in the U.S. stands at...

A federal judge temporarily blocked President Donald Trump's attempt to reassign more than $1.6 trillion in federal student debt from the Department of Education to the Small Business Administration (SBA) on Thursday. What Happened: Judge Myong J. Joun of the U.S. District Court for the District of...

House Republicans unveiled legislation on Monday aimed at overhauling the federal student loan system, promising over $330 billion in savings while supporting President Donald Trump‘s tax cut extension agenda. What Happened: Education and Workforce Committee Chairman Tim Walberg (R-MI)...

SoFi Technologies, Inc. (NASDAQ:SOFI) is set to release its first-quarter financial results before Tuesday's opening bell. Here's a look at what to watch in the report.  What To Watch: Investors will be keeping a close eye on SoFi's recent “student loan boom," a primary catalyst for the stock...

The U.S. Department of Education will resume collections on defaulted federal student loans starting next month, marking the end of a collections pause that began in March 2020 as a pandemic relief measure.  The Details: Beginning May 5, the government will use the Treasury Offset Program to...

President Donald Trump's approval rating has hit a new low since he became president again at his January inauguration. What Happened: After receiving high approval ratings since winning the 2024 election and in his early weeks leading the country, Trump's approval rating has fallen. A new Morning...

President Donald Trump signed an executive order on Thursday aimed at dismantling the U.S. Department of Education. The president also announced on Friday that federal student loan servicing will be transferred to the Small Business Administration. Here's a look at the latest developments.  The...

President Donald Trump is reportedly set to sign an executive order on Thursday to begin dismantling the U.S. Department of Education, a move aligned with a key campaign promise. The signing will take place at a White House ceremony with several Republican governors and education commissioners in...

In a move that could signal the impending closure of the U.S. Department of Education, the department is preparing to lay off nearly half of its staff. What Happened: The layoffs would reduce the department’s workforce to 2,183 from 4,133 when Trump took office, the department said in a...

Elon Musk, who leads the so-called Department of Government Efficiency, isn't drawing high approval ratings in a new poll. What Happened: According to a new Emerson College poll of voters in February, President Donald Trump lost support from January. The same poll asked voters their thoughts on...

The Biden administration on Monday announced more federal student loan forgiveness, bringing the administration’s total student loan forgiveness to $183.6 billion for more than 5 million borrowers.  The Details: The Department of Education announced several types of discharges on Monday...

The Biden administration withdrew two major student loan forgiveness plans Friday, just weeks before President-elect Donald Trump returns to the White House. Here's a look at what it means for borrowers and student loan service providers.  The Details: The Education Department posted notices in the...

Linda McMahon is no stranger to working with President-elect Donald Trump and will likely be a member of the new White House administration pending an official nomination and Congressional approval. Here's a look at McMahon's history with Trump and her investing portfolio linked to her long-running...

U.S. home goods retailers could bear the brunt of a retail slowdown as hundreds of thousands of cash-strapped young people put off setting up new homes, pressured by the resumption of expensive student loan repayments. Analysts at KeyBanc Capital Markets suggest discretionary spending could slow,...

While ChatGPT — an AI-powered chatbot — may have taken the internet by storm, the New York City Department of Education is taking measures to ensure the technology doesn't negatively impact student learning.  What Happened: NYC students and teachers cannot...