Student Loans - Febspot

Student Loans

A collection of 5 posts

U.S. law school applications jump as costs and A.I. cast doubt on returns — Static01.nyt.com

U.S. law school applications jump as costs and A.I. cast doubt on returns

Applications to U.S. law schools for the 2026 cycle have surged, rising an estimated 17 percent from last year and 44 percent from two years ago, according to data from the American Bar Association compiled by the Law School Admission Council. That increase comes as rising tuition, new federal

Education Department pauses tax-refund seizures and wage garnishment for defaulted loans — Static01.nyt.com

Education Department pauses tax-refund seizures and wage garnishment for defaulted loans

On Jan. 16, 2026, the Education Department said the Trump administration would temporarily pause forced collections, including seizing tax refunds and garnishing wages, for borrowers who have defaulted on their student loans. The pause reverses the department’s plan to gradually restart wage garnishment earlier this month and, the department

Simpler bankruptcy process raises student loan discharge rates, study finds — Static01.nyt.com

Simpler bankruptcy process raises student loan discharge rates, study finds

A new analysis finds that the vast majority of student loan borrowers who seek discharges in bankruptcy are succeeding, largely because of a simplified legal process introduced three years ago. According to the study by Jason Iuliano of the University of Utah, borrowers have an 87 percent success rate in

Tighter Student Loan Collections Loom in 2026; Struggling Borrowers Urged to Act — Static01.nyt.com

Tighter Student Loan Collections Loom in 2026; Struggling Borrowers Urged to Act

Millions of federal student loan borrowers are behind on payments and face more aggressive government collection efforts in 2026 as the loan system undergoes legal and policy shifts. Almost 10 million borrowers are in default, including about 3.4 million who have not been formally moved into the government’s

Streamlined Bankruptcy Rules Lead to More Student Loan Discharges — Static01.nyt.com

Streamlined Bankruptcy Rules Lead to More Student Loan Discharges

A new analysis finds that a simplified bankruptcy process introduced three years ago has substantially increased the share of student loan borrowers who win discharges. Professor Jason Iuliano’s study in The American Bankruptcy Law Journal reports an 87 percent success rate for borrowers seeking to discharge most or all