Forbes · 2026-07-31T10:00:00.000Z
A new report reveals many student loan borrowers are experiencing substantial increases in monthly payments, with some seeing spikes of over $500. This surge follows the Education Department's termination of the SAVE plan due to a court settlement, redirecting borrowers to more expensive repayment options. The Student Debt Crisis Center indicates 51% of borrowers face a $500+ increase, with the median payment now at $560, leading to widespread financial hardship exacerbated by processing errors and communication issues.
KPBS · 2026-07-31T00:00:00.000Z
Federal student loan debts have been canceled for approximately 450,000 borrowers who claimed they were defrauded by their educational institutions. This outcome stems from a class-action lawsuit and a recent court ruling, with expectations that the total amount of discharged loans will increase significantly.
University of Rwanda Opens Applications for Mastercard Foundation Scholarship 2027
Vertex AI Search · 2026-07-31T00:00:00.000Z
The University of Rwanda has opened applications for the Mastercard Foundation Scholars Program for the 2027 academic year, with a deadline of August 22, 2026. This initiative offers 30 master's scholarships, aiming to cultivate transformative leaders across Africa and significantly impact regional development through advanced education.
CBS News · 2026-07-31T00:00:00.000Z
The Chicago Board of Education approved an updated budget for Chicago Public Schools, preventing approximately 1,600 layoffs, including 760 teachers. This budget relies on an anticipated $150 million in state funding that has not yet been secured, prompting warnings from district staff about potential credit downgrades and payroll challenges.
CBS News · 2026-07-30T18:09:00.000Z
The U.S. Department of Education is offering an enhanced 1% interest rate reduction on federal student loans, a significant increase from the standard 0.25%. Borrowers must enroll in automatic payments by September 30, 2026, to qualify for this two-year incentive. This initiative aims to encourage timely payments and could assist those pursuing loan forgiveness.
CBS News · 2026-07-30T00:00:00.000Z
The U.S. Department of Education is providing federal student loan borrowers an increased 1% interest rate discount for enrolling in automatic payments by September 30, 2026. This incentive, effective until June 30, 2028, aims to boost repayment rates and improve the overall health of the federal student loan portfolio. This offers a direct financial benefit to eligible borrowers.