When you do not make payments on your student loan debt for long enough, your loan servicer may take another route to get back the money you owe. One of these avenues is seizing your wages, also known ...
What is wage garnishment, and what should you do if you’re facing it? Following the Education Department’s restart of collections on defaulted student loans in May, nearly two million borrowers could ...
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 ...
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 ...
The U.S. Department of Education has announced that it will resume student loan wage garnishment for borrowers in default, ending a years-long reprieve that began early in the pandemic. For the first ...
NEW ORLEANS — Federal student loans in default will be referred for collections beginning May 5, marking a shift that could bring significant financial consequences for borrowers, including wage ...
Having your wages garnished over an unpaid debt is one of the more stressful financial consequences you can face. One day, you're making ends meet between your paycheck and your regular bills, and the ...
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