student loans

Federal student loan site down Wednesday, a day after layoffs gutted Education Department

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WASHINGTON (AP) — An hours-long outage Wednesday on StudentAid.gov, the federal website for student loans and financial aid, underscored the risks in rapidly gutting the Department of Educationas President Donald Trump aims to dismantle the agency. Starting midday Wednesday, dozens of visitors to StudentAid.gov reported outages to Downdetector. The National Association of Student Financial Aid … Read more

Student loan accounts to be linked to digital currency wallets for transferring subsidies: Report | Mint

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The government is contemplating rolling out a system to route and settle interest subsidies on education loans through digital currency wallets, Economic Times reported quoting bank executives aware of this. A system is being worked out to integrate the Central Bank Digital Currency (CBDC)-based subsidy system with the Unified Portal for Education Loan, one of the executives … Read more