The Department of Education oversees national education policy and funding, shaping schools, student loans, and federal education programs.
The Education Department has rolled out revised repayment plans, temporary interest discounts and new graduate borrowing caps tied to the One Big Beautiful Bill. The Biden-era SAVE plan has ended for about 7.5 million borrowers, who have 90 days to pick a new plan before automatic enrolment; a judge has also forced the department to alter which graduate programs qualify for higher loan limits.
The Education Department has announced a two-year, temporary 1% reduction in interest rates for Direct Loans issued after July 2012, available to autopay borrowers through June 30, 2028. Eligible borrowers on autopay will see the discount automatically, with action required only for new enrollments by Sept. 30, 2026. The policy forms part of a broad overhaul of repayment plans under the One Big Beautiful Bill Act.
Tanzania has unveiled its 2026/27 budget and national development plan, highlighting 38 flagship projects across seven transformational programs. The plan aims to push inclusive growth, with private sector investment and human capital development at the fore. Infrastructure, irrigation, energy, and digital transformation feature prominently, while costs for the year are set against a challenging fiscal backdrop.
Indiana has been granted a waiver to consolidate $50 million in federal education funding into a single pool with fewer restrictions, enabling the state to weight accountability differently and pursue limited school-choice adjustments. The move mirrors similar waivers in Iowa and Louisiana and aims to cut compliance costs while expanding state control. Critics warn it could reduce transparency and shift funds away from vulnerable students.
Federal changes under the One Big Beautiful Bill Act implement new repayment plans, cap graduate borrowing, end Grad PLUS for many new borrowers, and shift millions from the SAVE plan to new options. Auto-pay rate reductions are temporary through 2028, with timing and transitions varying by borrower status.