The education portion of the Republicans' proposed federal budget would replace all income-driven repayment plans and decrease the amount of financial aid students can receive.

Federal student loan rates are fixed and set by a formula created by Congress that changes annually. Private student loan rates change more often and can be fixed or variable. Rates are based on lender preferences,

A new national survey reveals that public-sector employees are significantly more likely to hold student loan debt than their private-sector counterparts. However, they often face fewer long-term financial repercussions,