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Borrowers searching online for “charities that pay off student loans” mostly find debt-relief operators charging fees, not nonprofits cutting checks. Real options exist, but they’re narrower (and slower) than most borrowers expect.By The NumbersThe most prominent debt-cancellation nonprofit, the Debt Collective, has used its Rolling Jubilee Fund to abolish more than $32 million in medical, student, payday, and probation debt over its history.Notable student debt wins from the Debt Collective and Rolling Jubilee:$9.7 million in Morehouse College student account balances purchased for roughly $125,000 in 2023$1.7 million in Bennett College debt cancelled for 462 former studentsThe Slowdown: Large-scale buy-and-cancel actions on…
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The new interest rates on federal student loans for 2026-27 school year are set to rise slightly.The interest rates on federal student loans are fixed interest rates for the life of the loan. New interest rates apply to loans disbursed between July 1 and June 30.The interest rates are based on the high yield of the last 10-year Treasury Note auction in May, which was on May 12, 2026.The interest rates on the 10-year Treasury Note are influenced by a short-term interest rate called the Federal Funds Rate, which is set by the Federal Reserve Board. The Federal Reserve Board…
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Student loan rates have dropped as lenders have begun their competition going into the peak in-school lending season. As of May 12, 2026, private student loan lenders are offering fixed rates as low as 2.59% APR and variable rates starting as low as 3.03% APR, depending on credit profile, degree program, and repayment term.College Ave Student Loans currently offers the lowest fixed rate loan available. Student Choice is currently offering the lowest variable rate student loan available.While federal student loan rates are set annually by Congress, private lenders continue to adjust based on market conditions and Treasury yields. Staying current…
Federal student loan interest rates are heading higher for the 2026-27 academic year, following Monday’s May 10-year Treasury Note auction (PDF File). Undergraduate Stafford Loans will carry a 6.52% fixed rate, up from 6.392% a year earlier, with graduate and PLUS borrowers seeing similar increases of roughly 13 basis points.The new rates apply to federal student loans disbursed on or after July 1, 2026, and remain fixed for the life of the loan. Would you like to save this?We’ll email this article to you, so you can come back to it later! I agree to be sent email. The New Rates…
Demis Hassabis is the co-founder and CEO of Google’s DeepMind artificial-intelligence lab, which has spun out a startup called Isomorphic Labs to use AI to accelerate the creation of new drugs.