The College Investor podcast is a daily audio show that's dedicated to bringing you the best of TheCollegeInvestor.com. We discuss a variety of topics, all relating to millennial money - including student loan debt, investing, earning more money, and more! Robert Farrington, the founder of The College Investor and a Millennial Money Expert, shares how to get out of student loan debt so that you can start investing and building wealth for the future. Instead of cutting expenses and living a…
The U.S. Department of Education filed its reply brief in support of its motion to dismiss in Havens v. U.S. Department of Education on August 17, 2026, closing out the briefing schedule in the last lawsuit still trying to revive REPAYE for roughly 7 million former SAVE borrowers . The filing asks the judge to dismiss the case. Hours earlier, the Education Department’s lawyers filed a Notice of…
The Education Department has quietly changed how it decides whether continuing graduate students can still borrow uncapped Grad PLUS loans, and the change is already generating denials for students who have been enrolled. During an August 12 Federal Student Aid webinar on the implementation of new loan limits and the interim exception for continuing students , FSA staff told schools to calculate…
American families spent an average of $34,019 on college during the 2025-26 academic year , a 10% increase from $30,837 the year before, according to the annual Salie Mae and Ipsos study How America Pays for College 2026 . The increase far outpaced published tuition increases , yet families are not backing away from higher education: 91% call college a valuable investment in their student's…
A coalition of four major unions (the AFL-CIO, AFSCME, the American Federation of Teachers, and National Nurses United) filed a lawsuit on August 11, 2026 (PDF File) in the U.S. District Court for the District of Columbia challenging the Department of Education's Reimagining and Improving Student Education (RISE) rule on setting graduate versus professional student loan limits . The complaint asks…
When voters think of student loan forgiveness, they often picture executive actions and legal battles . Under President Biden, student loan debt relief efforts dominated headlines, particularly after the Supreme Court struck down his broad cancellation proposal . But what you may not realize: The Trump administration could be on track to oversee one of the largest dollar amounts of student loan…
An estimated 51.7 million children (91.7% of everyone eligible to enroll in a K-12 school) meet the income test to receive scholarships under the Education Freedom Tax Credit , the federal program launching January 1, 2027, according to a new report released Tuesday by the American Federation for Children. The analysis is the first state-by-state estimate of who can actually receive money from the…
The Department of Education's Office of Inspector General has put hard numbers on the Trump administration's push to dismantle the agency , and the findings for Federal Student Aid are stark: entire sub-offices responsible for overseeing loan servicers and certifying schools for federal aid were left with no employees at all. The report lands as the Department reverses course. FSA is now hiring…
A bipartisan group of senators is moving to block at least some of the Trump administration's effort to dismantle the Department of Education . The Senate Health, Education, Labor and Pensions Committee approved S. 5046 on Thursday by a 13-9 vote , sending it to the full Senate. The bill, introduced July 21 by Sen. Tim Kaine (D-Va.) with Sens. Susan Collins (R-Maine) and Lisa Murkowski (R-Alaska),…
A bill moving quietly through the Senate would let colleges steer students toward state-run and nonprofit student loans without triggering the federal conflict-of-interest rules Congress wrote after the 2007 financial aid kickback scandal. Nearly two decades ago, investigators found that the people students trusted most to give neutral advice (their college financial aid officers ) were quietly…
Sen. Peter Welch (D-Vt.) and Rep. Joe Courtney (D-Conn.) held a press conference on Capitol Hill last week urging Congress to take up the Student Loan Interest Elimination Act (PDF File), which would set the rate on every existing and future federal student loan to 0%. The press conference marks the lawmakers' second attempt in 2026 to move the bill. Welch introduced S. 4169 in the Senate and…
Howard University unenrolled 502 incoming freshmen on July 22, weeks before move-in. It has since readmitted more than 200 of them — a roughly 40% reversal of its own decisions. That number alone tells you the university got this wrong. These are families who had already committed to a school where the cost of attendance runs past $66,000 a year. The handling of this entire saga was worse than the…
Think about everything your family pays to protect. The phone gets a protection plan at checkout. The car carries full coverage at an average of $2,237 a year , according to Insurify. Even the spring break trip gets travel insurance, which Forbes puts at 4% to 6% of the trip cost . Then tuition comes due (for many families, the largest single payment they ever make) and it goes out the door with…
Borrowers who believed the student loan payment pause would keep getting extended (or that their debt would be forgiven outright) cut their payments, spent more, and are now more likely to be delinquent , according to a new National Bureau of Economic Research working paper. Economists surveyed borrowers about their expectations during the pause and the 2022 forgiveness announcement, then linked…
SoFi Technologies told federal securities regulators that its private student loans can be wiped out in bankruptcy under certain conditions, a quiet admission that cuts against one of the most repeated lines in personal finance. The disclosure sits in SoFi's annual report (a Form 10-K filed with the SEC ) for the fiscal year ending December 31, 2025. In the Risk Factors section, the company warns…
Student loan borrowers serviced by MOHELA spent this weekend staring at delinquency notices they say should not exist. Accounts that showed $0 due and active SAVE forbearance on Friday flipped to past-due balances ranging from roughly $2,000 to more than $6,700, with some borrowers marked as many as 12 months behind. MOHELA's phone lines are closed on weekends, leaving affected borrowers with no…