Credit Score Crisis Looms as Student Loan Defaults Set to Impact Millions
Department of Education data reveals 15.6% of student loans are past due, with borrowers facing potential credit score drops up to 170 points when federal reporting resumes July 1. The end of pandemic-era protections could trigger severe financial consequences as student loan defaults return to credit reports.
Dismantling Education Department Could Cost Taxpayers $11B More Annually
Analysis reveals that eliminating the U.S. Department of Education would force states to increase education budgets by 28% to maintain services. The move could cost taxpayers an additional $11 billion per year while reducing educational quality and college accessibility.
Student Loan Crisis Deepens: 4 Million Americans Fall Behind as Payments Resume
Federal student loan delinquency rates have doubled since post-pandemic payment resumption, with 4 million borrowers now behind on payments. The surge follows the end of COVID-19 payment freezes and comes amid inflation pressures, servicing issues, and the Supreme Court's blocking of loan forgiveness plans.
Trump Administration Plans to Dismantle Department of Education
The Trump administration is finalizing an executive order to begin dismantling the U.S. Department of Education, setting up a complex process to redistribute its functions. The controversial move faces significant congressional hurdles and has sparked debate about federal oversight of education.
DOT's Controversial Move: Infrastructure Funding Now Tied to Marriage and Birth Rates
The U.S. Department of Transportation unveils groundbreaking policy linking infrastructure grants to community marriage and birth rates. The unprecedented move could significantly benefit rural areas while potentially limiting funding for urban centers, sparking debate about federal funding criteria.
US Reading Scores Hit Historic Low as Education Recovery Stalls
Latest NAEP results reveal alarming decline in student reading proficiency, with one-third of eighth graders scoring below basic levels. While some urban districts show promising math improvements, widening achievement gaps and persistent academic struggles underscore urgent need for intervention.
Baker College Hit with $2.5M Fine for Misleading Student Career Claims
The U.S. Department of Education has fined Baker College $2.5 million for deceptive marketing practices that misrepresented career outcomes and employment prospects. The federal investigation revealed inflated placement rates and misleading salary data while the college spent more on marketing than financial aid.