U.S. Departments of Education and Treasury Announce Collaboration with Intuit Inc. to Raise Awareness about Income-Driven Repayment Options for Students Loans
The U.S. Department of Education, the U.S. Department of Treasury, and Intuit Inc. announced today an innovative private-public collaboration to raise awareness about income-driven repayment plans and other repayment options for federal student loan borrowers.
"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.
Education Department Announces Changes to FAFSA Form to More Accurately and Fairly Assess Students' Need for Aid
Today the U.S. Department of Education announced that beginning with the 2014-2015 federal student aid form, the Department willfor the first timecollect income and other information from a dependent student's legal parents regardless of the parents' marital status or gender, if those parents live together.
Webinar for College Seniors and Young Workers to Address Managing Student Loan Debt and Saving for a Secure Financial Future
An April 30 webinar will provide tips and tools to help college seniors and young workers learn to budget for today's needs and tomorrow's goals. "Start Early to Take Charge of Your Financial Future" will be held from 3-4 p.m. EDT on Tuesday, April 30.
Student loan interest payments are reported on the IRS Form 1098-E, Student Loan Interest Statement.
If you made federal student loan payments in 2013, you may be eligible to deduct a portion of the interest you paid on your 2013 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.
The U.S. Department of Education today released official FY 2010 two-year and official FY 2009 three-year federal student loan cohort default rates. This is the first time the Department has issued an official three-year rate, which was 13.4 percent nationally for the FY 2009 cohort, a slight decrease from the trial three-year rate of 13.8 percent for the FY 2008 cohort.
Education Department Launches New Website and Social Media Tools to Help Students Navigate Financial Aid Process
Today, the U.S. Department of Education announced a new streamlined website and several social media tools that will make it easier for students and families to navigate the financial aid process and make informed decisions about paying for college. The launch of the new website, StudentAid.gov, follows a report from the U.S.
Today, the U.S. Department of Education released a new interactive loan counseling tool to provide students with financial management basics, like information about their current loan debt and estimates for student loan debt levels after graduation.