Student Loans and Education Costs

Paying for higher education in the United States usually means dealing with the federal government in some way, whether through loans, tax-advantaged savings, or benefits tied to military service. The Department of Education sets the rules for federal student aid, oversees repayment programs, and works alongside other agencies that offer education benefits to veterans and service members.

Borrowing and repaying. Most students who need help paying for school turn to Federal Student Loans, which come with their own borrowing limits, interest rules, and consequences for falling behind. Once a loan is in hand, the questions shift to paying it back, and Loan Repayment and Forgiveness covers the range of plans, forgiveness programs, and options for borrowers who fall into default or need relief tied to their profession or income.

Saving ahead of time. Not every education cost has to be covered by borrowing. College Savings looks at the tax-advantaged accounts families can use to set money aside for tuition and other costs well before a student enrolls, including how these plans are structured and what expenses they can cover.

Benefits tied to service. People who serve in the military often have access to education support outside the ordinary loan and aid system. Your Guide to DoD Tuition Assistance explains how the Department of Defense helps active-duty service members pursue a degree while serving, a benefit distinct from the loan and grant programs available to civilian students.