department of education

It has been more than two years since the nation's most powerful financial watchdog examined the companies that manage about $1.5 trillion of federal student loans owed by 43 million borrowers.

On Thursday, two members of the Senate Banking Committee said they're exasperated with the Consumer Financial Protection Bureau's continuing failure to pursue mounting problems with the way student loans are handled.

Sen. Elizabeth Warren, D-Mass., has pledged to cancel up to $50,000 of debt for 95% of student loan borrowers if she is elected president. Sen. Bernie Sanders, I-Vt., has proposed an even more generous plan if he's elected.

Updated Friday at 11:04 a.m. ET.

Lawmakers have called for an investigation into a troubled student loan discharge program one day after an NPR report revealed that the program — meant to erase the student debts of borrowers with significant, permanent disabilities — wasn't helping the vast majority of those who are eligible.

A new report from a government watchdog, first obtained by NPR, says an expanded effort by Congress to forgive the student loans of public servants is remarkably unforgiving.

Congress created the expansion program last year in response to a growing outcry. Thousands of borrowers — nurses, teachers and other public servants — complained that the requirements for the original program were so rigid and poorly communicated that lawmakers needed to step in. But, documents show, even this expansion of the Public Service Loan Forgiveness (PSLF) program isn't working.

The director of the Consumer Financial Protection Bureau says the Trump administration's Education Department is getting in the way of efforts to police the student loan industry. The revelation, in a letter obtained by NPR, comes at the same time that lawsuits allege that widespread wrongdoing by student loan companies is costing some borrowers thousands of dollars.

The state is taking public input on new testing standards for Florida K-12 schools, as the Florida Department of Education works to overhaul Common Core following Gov.  Ron DeSantis’ Executive Order. Common Core is a set of academic standards in math and English that students are required to master.

Updated at 3:13 p.m. ET

A critical new report from the U.S. Department of Education's Office of Inspector General finds the department's student loan unit failed to adequately supervise the companies it pays to manage the nation's trillion-dollar portfolio of federal student loans. The report also rebukes the department's office of Federal Student Aid for rarely penalizing companies that failed to follow the rules.

The U.S. Department of Education is sending emails to about 15,000 people across the country telling them: You've got money.

America needs teachers committed to working with children who have the fewest advantages in life. So for a decade the federal government has offered grants — worth up to $4,000 a year — to standout college students who agree to teach subjects like math or science at lower-income schools.