State Attorney General Xavier Becerra says the department has illegally denied 99% of applications.
Betsy DeVos has been called on to enact change that will help permanently disabled borrowers get their student loans forgiven.
Betsy DeVos claims that the Department of Education has become a "bank" and that a separate agency should handle America's $1.5 million in student loan debt.
The average student loan balance has grown so significantly that many recent college graduates’ salaries are insufficient to cover these payments as well as a modest standard of living.
Americans continue to borrow more money, which has mixed consequences for the economy.
White House hopeful Pete Buttigieg, if elected, would be the first U.S. President with student loan debt.
A look at the net worth of billionaire investor Robert Frederick Smith, who announced he will pay the student loans for the 400 graduating seniors at Morehouse College.
Some college students are using their financial aid money to invest in cryptocurrencies like Bitcoin.
Millennials aren't big-time credit card users, but a substantial portion have subprime credit, and face daunting obstacles on their way to a higher score.
Other “free college” programs in Oregon and Tennessee cover the cost of tuition but not living expenses.
As part of the Canada Student Loans Program's Repayment Assistance Plan, graduates won't have to pay back their loans until their earnings exceed $25,000.
Amazon and Wells Fargo Education Financial Services Thursday announced their decision to provide a new discounted interest rate for Amazon Prime Student customers.
Citing “deceptive or harmful” business practices, the search giant said Wednesday it would stop serving ads for payday loan providers.
With the resignation of CEO Renaud Laplanche, LendingClub finds itself at the center of challenges facing the marketplace lending sector.
As U.S. college students amass record levels of debt, now could be the time for income-share agreements to take hold as an alternative to private student loans.
Borrowers who fall behind on payments may have more options than they realize, as long as they are proactive.
