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Trump administration officials are worried that the federal student loan portfolio is "headed toward a fiscal cliff if we don ...
Wage garnishment for defaulted student loans has officially resumed. Here’s who’s at risk, how it works, and what borrowers ...
The federal government on Monday will resume collections on defaulted student loans, putting more than five million borrowers at risk for wage garnishment and other remedies.
Currently, 5 million borrowers are in default, which is when they haven’t paid on their loans in over 270 days.
TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
The Education Department says millions of borrowers in default will have a chance to make a payment or sign up for a ...
Student loan collections will resume in the United States on May 5 after a five year pause. Here's what Tennessee residents ...
Reports say roughly 5.3 million borrowers are in default on their federal student loans after repayments were put on pause in ...
Defaulting on loans means failing to repay according to the agreed-upon terms. The Department of Education is targeting ...
The Education Department has resumed sending student loan borrowers in default to collections, potentially impacting millions ...
It comes nearly five years after the federal government paused the loan payments and interest as a relief effort during the Covid pandemic.