Federal Student Loans
Federal Student Loans 
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August 30, 2019
WASHINGTON—Today, the U.S. Department of Education finalized regulations that will protect student borrowers, hold higher education institutions accountable and provide financial protections to taxpayers.
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July 25, 2018
WASHINGTON—The U.S. Department of Education today proposed a new package of higher education regulations aimed at protecting student borrowers, holding higher education institutions accountable for misrepresentation and fraud and providing financial protections to taxpayers by at-risk institutions.
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June 2, 2017
The U.S. Department of Education today announced the IRS Data Retrieval Tool is now available for borrowers applying for an income-driven repayment plan. New encryption protections have been added to the Data Retrieval Tool to further protect taxpayer information. The IRS Data Retrieval Tool will return Oct.
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January 17, 2017
The Departments of Treasury and Education announced today that they have signed a Memorandum of Understanding establishing a framework regarding the requirements for electronically sharing tax data over multiple years for federal student loan borrowers participating in Income-Driven Repayment (IDR) plans.
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August 22, 2016
The U.S. Department of Education's Office of Federal Student Aid (FSA) today posted a series of updates to its Data Center, a collection of key performance data on the student loan portfolio.
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July 20, 2016
As part of a continued effort to implement a new vision for student loan servicing that ensures the more than 40 million Americans with student loan debt get high-quality customer service and fair treatment as they repay their loans, the U.S.
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June 13, 2016
The Department of Education today proposed regulations to further protect student borrowers and taxpayers against predatory practices by postsecondary institutions.
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March 15, 2016
“I applaud today’s announcement by the Consumer Financial Protection Bureau that it has taken action to shut down Student Loan Processing, a company that was charging borrowers exorbitant fees for services they can access for free through
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September 24, 2014
NOTE TO EDITORS: There will be a background call today at 12:30 to discuss the FY 2011 cohort default rates. Media who are interested in joining the call may dial 800-857-9712. The passcode is “education”
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September 30, 2013
The U.S. Department of Education today announced the official FY 2011 two-year and official FY 2010 three-year federal student loan cohort default rates (CDR). The national two-year cohort default rate rose from 9.1 percent for FY 2010 to 10 percent for FY 2011. The three-year cohort default rate rose from 13.4 percent for FY 2009 to 14.7 percent for FY 2010.