KEY TAKEAWAYS The Department of Education lowered interest rates for federal student loans taken out between July 1, 2025, and June 30, 2026.The Department of Education revisits student loan interest rates each year and adjusts them based on economic factors.

June 3 (UPI) -- The U.S. Department of Education paused a plan to garnish Social Security checks to repay defaulted student loans.

The U.S. Department of Education has announced that it will not be garnishing Social Security checks to recover unpaid federal student loans. This decision comes after the department restarted collections on defaulted loans in May 2025,