“Borrowers will now be expected to repay their loans, and those who don’t will face involuntary collections,” White House ...

Currently, around 42 million Americans hold federal student loans and roughly 5.3 million borrowers are in default.

Missed student loan payments could slash credit scores by 150+ points, derailing homebuying plans. Borrowers should get current and protect credit.

Borrowers in default must ask their loan servicer to be placed into such a program. Typically, servicers ask for proof of ...

Federal officials will resume collecting on defaulted student loans starting May 5, potentially affecting 5.3 million ...

The Education Department says millions of borrowers in default will have a chance to make a payment or sign up for a ...

If action is not taken by May 5, defaulted borrowers will become subject to wage garnishment to collect their outstanding balances.

The Education Department is set to resume collections on student loans in default, marking the end of a leniency period that ...

Millions of federal student loan borrowers face a renewed threat to their wages and tax refunds starting May 5, when the ...

The U.S. Department of Education will resume collections on defaulted federal student loans starting May 5, potentially ...

Millions of borrowers in default will face wage garnishment and withheld government payments, intensifying financial strain.