The Department of Education's Office of Federal Student Aid (FSA) manages the Free Application for Federal Student Aid (FAFSA), which students and parents submit to determine a student's eligibility for receiving financial aid. The FAFSA Processing System (FPS)--the system that underpins federal student aid--processes these applications. In…

Service-contingent student loan forgiveness and loan repayment programs enable borrowers to have all or part of their student loan debt forgiven or repaid in exchange for work or service in specific fields or professions. In both loan forgiveness and loan repayment programs, borrowers typically qualify for benefits by working or serving in certain…

Recent changes to the federal student loan program will affect student loan borrowing, repayment, and debt. Payments on student loans, which were suspended during the coronavirus pandemic, restarted in October 2023. A new repayment plan introduced in August 2023 will significantly reduce interest accrual and payments for certain borrowers.…

The U.S. Department of Agriculture (USDA) and the Department of Education have taken some steps to connect college students with Supplemental Nutrition Assistance Program (SNAP) benefits to help them pay for food, but gaps in planning and execution remain. Effective July 2024, a new law gave Education authority to share students' Free Application…

This statutory report presents the activities and accomplishments of the U.S. Department of Education's Office of Inspector General (OIG) from April 1, 2024, through September 30, 2024. The audits, investigations, and related work highlighted in the report are products of OIG's mission to identify and stop fraud, waste, and abuse; and promote…

Over the last three decades, the Direct Loan program has grown in size and complexity, with almost $1.4 trillion in outstanding federal student loans. The Direct Loan program provides financial assistance to students and their parents to help pay for postsecondary education. The US Government Accountability Office (GAO) was asked to review changes…

About half of the more than $1 trillion in outstanding federal student Direct Loans are being repaid by borrowers using IDR plans. Some borrowers in IDR plans are now potentially eligible for forgiveness of their remaining loan balances after 20 or 25 years of payments. GAO was asked to review IDR forgiveness. This report examines: (1) how many…

This statutory report presents the activities and accomplishments of the U.S. Department of Education's Office of Inspector General (OIG) from October 1, 2024, through March 31, 2025. The audits, investigations, and related work highlighted in this report are products of OIG's mission to identify and stop fraud, waste, and abuse; and promote…

The William D. Ford Federal Direct Loan (Direct Loan) program is the single largest source of federal financial assistance to support students' postsecondary educational pursuits. The U.S. Department of Education estimates that in FY2025, $93.1 billion in new loans will be made through the program. As of the end of the third quarter of FY2024,…

In early 2020, in response to the emerging COVID-19 pandemic, the Trump Administration declared a public health emergency under the Public Health Service Act, a national emergency under the National Emergencies Act, and a nationwide emergency under the Robert T. Stafford Disaster Relief and Emergency Assistance Act. Congress and the U.S.…

This statutory report presents the activities and accomplishments of the U.S. Department of Education's Office of Inspector General (OIG) from October 1, 2023, through March, 2024. The audits, investigations, and related work highlighted in the report are products of OIG's mission to identify and stop fraud, waste, and abuse; and promote…

Federal student loans help many college students access and complete postsecondary degrees that would not have been attainable otherwise. But years of well-intentioned policymaking have left the student loan system a complicated mess that is difficult for borrowers to navigate and leads to unfair and inefficient distributions of taxpayer dollars.…

From March 2020 through March 2021, three laws providing federal funding for elementary, secondary, and postsecondary education were enacted in response to the national emergency related to the COVID-19 pandemic declared by President Trump on March 13, 2020. The second of these laws provided a higher amount of funding than the first, and the third…

The U.S. Department of Veterans Affairs (VA), previously named the Veterans Administration, has been providing veterans educational assistance benefits, including GI Bill benefits, since 1944. In general, the benefits provide grant aid to eligible individuals enrolled in approved educational and training programs. The newest GI Bill was enacted on…

From March 2020 through March 2021, three laws provided increasing levels of federal funding for elementary, secondary, and postsecondary education primarily through the Education Stabilization Fund (ESF) in response to the national emergency related to the COVID-19 pandemic as declared by President Trump on March 13, 2020. On March 27, 2020,…