About 8 million federal student loan borrowers had hopes of smaller monthly payments and lower lifetime costs when the Biden administration rolled out the Saving on a Valuable Education (SAVE) repayment plan in 2023.

Millions of borrowers are in the tough position of owing student loan debt from college while nearing retirement age. New survey data shows that most of these borrowers have children, and many provide care for relatives and friends.

If you paid interest on your student loan debt in 2024, you may be able to deduct up to $2,500 from your taxable income.

Since taking office on Jan. 21, there's been a barrage of sweeping executive orders from President Donald Trump's administration. Experts say a key student loan program -- Saving on a Valuable Education student loan repayment plan -- could be next on the chopping block.

The Trump administration appears poised to take significant actions that could undermine the Department of Education. Here's what student loan borrowers should do.

President Donald Trump has reportedly set his sights on eliminating the U.S. Department of Education, a long-time Republican goal and promise from his campaign. The proposed plan, though, gives rise to a host of unanswered questions—not least of which is what happens to the 42-plus million Americans with federal student loan debt.