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Some borrowers who are behind on payments might see money withheld from wages, tax refunds and Social Security benefits. Here’s what to expect and what to do.
TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
Your options to avoid collections when your student loans are in default.
The Department of the Treasury and Department of Education have already collected almost $100 million in loans after resuming collections of defaulted federal student loans at the beginning of May.
The Department of Education said it will resume collections on defaulted loans in the federal student loan portfolio, which ...
The Education Department says millions of borrowers in default will have a chance to make a payment or sign up for a ...
The Department of Education and the Treasury Department are resuming collections for about five million defaulted student ...
Those who haven't paid on their debt for nine months or more now face the harsh realities of debt collection. Here's what to ...
Beginning May 5, the Department of Education restarted collecting on defaulted federal student loans, which had previously ...
Borrowers now face tough choices—begin repayment or risk serious penalties such as wage garnishment and seizure of tax ...
The restart comes as part of the Trump administration's "focus on recouping payments from defaulted student loan borrowers" ...