KEY TAKEAWAYS The Department of Education lowered interest rates for federal student loans taken out between July 1, 2025, and June 30, 2026.The Department of Education revisits student loan interest rates each year and adjusts them based on economic factors.

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.

The U.S. Department of Education paused a plan to garnish Social Security checks to repay defaulted student loans. Spokesperson Ellen Keast said Monday that the Department "has not offset any social security benefits since restarting collections on May 5,