Today's Best Savings Rates for October 5, 2026: Peak Bank Leads at 4.27%
The College Investorby Robert Farrington6d ago
High-yield savings account rates have started to rise, even at large banks, in the wake of the Federal Reserve rate increase.
The College Investor
thecollegeinvestor.comadded August 2026
top 46%Student Debt Hit $1.86 Trillion As The Payoff From A College Degree Shrinks
The College Investorby Robert Farrington6d ago
Key Points - College graduates earned about 87% more per hour than workers without a degree in 2022. By 2026, that premium had shrunk to about 78%, back to where it was in the mid-1990s.
How To Get Out Of Student Loan Default: Rehabilitation, Consolidation, And What Changes In 2027
The College Investorby Robert Farrington7d ago
Student loan default doesn't mean your credit is ruined for life. Missed payments and a default will show up on your credit report and pull your score down, by 91 points on average according to New...
Justice Department Finds UCLA Law School Used Race In Admissions For Years
The College Investorby Robert Farrington7d ago
The Justice Department’s Civil Rights Division announced on October 1, 2026 that the University of California, Los Angeles School of Law discriminated against white and Asian applicants for its...
Only 31% Of Americans Now Say College Is "Very Important," Down From 70% In 2013
The College Investorby Robert Farrington8d ago
Just 31% of U.S. adults now say a college education is “very important,” according to a new Gallup poll.
Average SAT Score Jumps 16 Points To 1045 For The Class Of 2026, College Board Says
The College Investorby Robert Farrington8d ago
The average SAT score for the high school class of 2026 climbed to 1045, a 16-point gain over the class of 2025, according to the College Board’s 2026 SAT Suite annual report released this week.
The $5,500 Student Loan Limit Isn't New. It's Been Frozen Since 2008
The College Investorby Robert Farrington9d ago
The Question My daughter is a high school senior with a 4.6 GPA, and I just saw that she can only borrow $5,500 her freshman year.
Unemployment Rate Hits 4.2% In September As Job Growth Slows To 29,000
The College Investorby Robert Farrington9d ago
Employers added 29,000 jobs in September and the unemployment rate rose to 4.2%, according to the Bureau of Labor Statistics September jobs report released October 2.
How Student Loans Affect Your Taxes: The Interest Deduction, Forgiveness, And Refund Offsets In 2026
The College Investorby Robert Farrington9d ago
Key Points - Loan proceeds, including the "refund" your school sends you after tuition, are not taxable income. Only the interest you pay matters on your return.
Cohort Default Rate Hits 0.4% For FY 2023, First Rise Since 2019 As Pandemic Protections Expire
The College Investorby Robert Farrington10d ago
Key Points - The Department of Education’s official FY 2023 cohort default rate is 0.4%, up from 0.0% for FY 2022.
Best Student Loan Refi Rates October 1, 2026: Credible Leads at 3.96%
The College Investorby Robert Farrington10d ago
Student loan refinance rates have held continued to hold as the Fed has held interest rates steady.
Trump Administration Launches First Federal School Choice Program With New IRS Rules
The College Investorby Robert Farrington10d ago
The Treasury Department and the IRS on October 1, 2026, issued proposed and temporary regulations for the Education Freedom Tax Credit, a new tax credit created under Section 25F of the tax code by...
Trust Funds And Financial Aid: Rules On Revocable, Irrevocable And Court-Ordered Trusts For FAFSA and CSS Profile
The College Investorby Mark Kantrowitz10d ago
Key Points - 1Federal law lists trusts as a reportable asset, and the Department of Education says a trust is the beneficiary’s asset even when the beneficiary can’t touch the money yet.
Is Student Loan Forgiveness Taxable In 2026? What The IRS Counts As Income (And What Stays Tax-Free)
The College Investorby Robert Farrington11d ago
Key Points - Federal income-driven repayment forgiveness became taxable again on January 1, 2026, when the American Rescue Plan Act exclusion expired. Congress has not extended it.
Treasury Will Auto-Open Trump Accounts For 68 Million Kids Starting October 1 (But The $1,000 Still Requires A Form)
The College Investorby Robert Farrington11d ago
Key Points - Starting on or about October 1, 2026, Treasury will open a Trump account for every eligible child under 18 with a Social Security number, no parent action required.
Education Department Launches Online Portal To Get Student Loans Out Of Default
The College Investorby Robert Farrington11d ago
The U.S. Department of Education and the U.S. Department of the Treasury launched the Defaulted Loans Support Center on September 30, 2026, a new section of StudentAid.gov where borrowers with...
Pay As You Earn (PAYE): How It Works, Who Qualifies, And What Happens When It Ends In 2028
The College Investorby Robert Farrington12d ago
Pay As You Earn (PAYE) is a federal income-driven repayment plan that caps your monthly student loan payment at 10% of your discretionary income and forgives whatever is left after 20 years of...
Today's Best Student Loan Rates for September 29, 2026: Ascent Leads at 1.94%
The College Investorby Robert Farrington12d ago
Student loan rates have are getting even more competitive as peak back to school season ends. As of September 29, 2026, private student loan lenders are offering fixed rates as low as 1.94% APR and...
Education Department Extends 1% Student Loan Auto Pay Discount Deadline To December 31
The College Investorby Robert Farrington12d ago
The U.S. Department of Education announced on September 29, 2026 that it was extending the enrollment window for its temporary 1% student loan interest rate reduction by three months.
How the Student Loan Interest Deduction Works
The College Investorby Robert Farrington13d ago
Key Points - You can deduct up to $2,500 of student loan interest per year without itemizing. Most borrowers save $300 to $550 in federal tax.