Borrowers who are behind on federal debts may be subject to wage garnishment and could see their credit scores take a ...

Millions of federal student loan borrowers are weeks away from default as serious delinquencies surge to record highs after the Trump administration resumed debt collections, economists say. Nearly ...

Federal legislation signed into law this month rewrites student loan and grant policy with the goal of frugality, with ...

Nearly 6 million Americans are over 90 days late on student loans, risking up to 15% paycheck withholding under renewed ...

Federal Student Aid says that under Fresh Start, defaulted federal loans are treated "as having been in repayment for the duration of the COVID-19 payment pause, beginning March 2020, like other ...

Student Loan Defaults Spike As Trump Ends Pause On Late Payment Tracking — Black Borrowers Hit Hardest. Black student loan debt carriers are overrepresented relative to their share of the ...

The Education Department is resuming 15% wage garnishment of student loans borrowers paychecks for defaulted federal student loans. Here’s who’s at risk and what to know.

The Department of Education says it will resume collections on defaulted student loans on May 5, ... their monthly payment amount and — if they're in default — a warning message that says so.

Key Takeaways. Default typically occurs when you fail to make a student loan payment for 270 days. The U.S. Department of Education recently resumed collections on defaulted federal student loans ...

Student loan borrowers who faced default in recent months have seen their credit scores plummet an average of 63 points. The impact is even more severe on people with higher credit scores.

Student loan borrowers need clarity on restart of student loan payments. Ricketts isn’t the only one issuing this warning. Sen. Elizabeth Warren (D-MA) and her congressional colleagues sent a ...