College students will find it cheaper to take out loans in the upcoming school year: The Department of Education lowered interest rates for federal student loans borrowed between July 1, 2025, and June 30,

Borrowers who have defaulted on their federal student loans will no longer be at risk of having their Social Security benefits garnished, an Education Department spokesperson said Tuesday.The government last month restarted collections for the millions of people in default on their loans.

Hundreds of thousands of student loan borrowers who were facing potentially imminent seizure of benefits got some good news. But they're not out of the woods.