News
The Department of Education says it’s getting ready to restart collections on federal student loans that are in default. The ...
Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of defaulting.
“Borrowers will now be expected to repay their loans, and those who don’t will face involuntary collections,” White House ...
A federal student loan is considered in default after 270 days of non-payment. Borrowers can check their loan status by ...
Involuntary collection begins May 5. For some students, it will be the first time they've ever had to confront the obligation ...
Opinion
4hon MSNOpinion
The plan to resume debt collection for borrowers in default could put people in a precarious financial position amid a faltering economy.
The Education Department said it will resume collections of its defaulted federal student loan portfolio on May 5.
The Trump administration’s plan to begin collecting defaulted college loan payments from millions of borrowers risks ...
When a borrower defaults on a student loan, the government has the power to deduct from their Social Security checks and tax refunds to repay the debt. The government can also garnish borrowers' wages ...
President Donald Trump is driving an even sharper contrast with his predecessor on student loans as he moves to garnish the wages of borrowers in default on their payments. The ...
12hon MSNOpinion
President Trump’s education boss Linda McMahon has defended the administration’s decision to resume student loan debt ...
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