Collections on defaulted federal student loans will resume on May 5, after a five-year pause. Wage garnishment and Treasury offset are measures the government could enact to collect on student loan ...
But in the letter, Democrats say they’ve received reports from borrowers who suddenly had their tax refunds offset. It ...
In 2020, the federal government paused collections efforts on defaulted federal student loans, part of pandemic relief efforts. While Congress said payments would start again in 2023, the pause ...
Starting next week, the Education Department said student loans that are in default will be referred for collections. Roughly 5.3 million borrowers nationwide are in default on their federal student ...
If you're behind on your student loan payments, the Department of Education is about to use your paycheck to get your attention. The Department of Education announced it had resumed involuntary ...
Student loan borrowers who have defaulted on payments could have up to 15% of their pay docked by the federal government starting soon. This leaves many borrowers having to decide which bills to pay – ...
Millions of student loan borrowers could be facing wage garnishment by the end of August with collections starting within weeks, according to a report from credit bureau TransUnion. The report ...
After years of changes to repayment options, borrowers are struggling to stay on top of their loans A relatively small share of student-loan borrowers are making their payments on time, while many ...
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