The Higher Education Student Loan Repayment Assistance for Engineers Pilot Program will reimburse engineers up to $15,000 annually after four years of service at the agency.

For the first time in five years, certain forms of student loan forgiveness will be taxable following a change in federal tax policy this year.

The “professional” label would allow students to borrow larger amounts of federal loans to pursue graduate degrees.

The proposal has drawn pushback from the nursing community, which argues the reclassification could limit students’ financial access to advanced nursing degrees.

Since he took office, President Donald Trump has called for the dismantling of the Education Department, saying it has been overrun by liberal thinking. In July the U.S. Supreme Court upheld mass layoffs that halved the department’s staff.

President Donald Trump signed the tax increase into law last month as part of his signature spending bill.

The department has been largely responsible for oversight, enforcing discrimination laws and distributing aid money for schools with low-income students and students with disabilities. Federal funding makes up a relatively small portion of public school budgets, roughly 14%.

The agency’s main role is financial. Annually, it distributes billions in federal money to colleges and schools and manages the federal student loan portfolio. Closing the department would mean redistributing each of those duties to another agency.

Elon Musk’s DOGE team already has gained access to a database housing personal information on millions of students and parents with federal student loans, according to two people with knowledge of the issue.

Low-income Illinoisans feeling the weight of college tuition might soon get a bit of a relief.

Around 43 million Americans have student loan debt, amounting to $1.5 trillion. If you have student loans, here’s what you need to know.

The Education Department is seeking to provide a faster path to loan cancellation, and reduce monthly income-based repayments from 10% to 5% of a borrower’s discretionary income. The plan also wouldn’t require borrowers to make payments if they earn less than 225% of the federal poverty line — $32,800 a year for a single person.

In a ruling Thursday, the 8th Circuit Court of Appeals granted a motion for an administrative stay filed by a group of Republican-led states seeking to invalidate the administration’s entire student loan forgiveness program.

It’s a more targeted proposal than the one the U.S. Supreme Court struck down last year. The new plan uses a different legal basis and seeks to cancel or reduce loans for more than 25 million Americans.

The first major overhaul of the FAFSA form since the Reagan era was supposed to make the process simpler and quicker. So far, that’s not been the case.

Joe Biden, who is in the midst of a three-day campaign swing through California, made the announcement as part of a new repayment plan that offers a faster path to forgiveness, putting the spotlight on his debt cancellation efforts in his reelection campaign.