"I applaud the bipartisan compromise reached by President Obama and lawmakers on Capitol Hill, offering relief to millions of students and families across the country. The law will cut rates on nearly all new federal student loans and save undergraduates an average of more than $1,500 on loans taken out this year. It is an encouraging step forward in our effort to keep college affordable.
Our priority is to ensure that Congress doesn't allow federal student loan interest rates to double on July 1.
Student loan interest payments are reported on the IRS Form 1098-E, Student Loan Interest Statement.
If you made federal student loan payments in 2012, you may be eligible to deduct a portion of the interest you paid on your 2012 federal tax return.
The U.S. Department of Education announced today that many borrowers are now able to take advantage of a new repayment plan that could lower their monthly federal student loan bills. The plan, known as Pay As You Earn, caps monthly payments for many recent graduates at an amount that is affordable based on their income.
Washington, D.C. The Consumer Financial Protection Bureau (CFPB) is now accepting complaints from borrowers having difficulties with their private student loans.
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To get a Pell grant, direct loan, or other federal aid, you must complete the Free Application for Federal Student Aid FAFSA...
Obama Administration Announces New Steps to Protect Students from Ineffective Career College Programs
Today, the Obama Administration released final regulations requiring career college programs to better prepare students for "gainful employment" or risk losing access to Federal student aid.
The U.S. Department of Education is continuing its commitment to helping students and protecting taxpayer dollars with an announcement today that it is accepting proposals from guaranty agencies that participate in the Federal Family Education Loan (FFEL) program to enter into Voluntary Flexible Agreements (VFAs) with the Secretary.