Millions of student loan borrowers in default will start receiving notices on Monday that they are being put into collections. The move comes after the Department of Education said last month ...

An all-time high 20.5% of student loan borrowers are seriously delinquent, or 90-plus days overdue, through February, according to research by TransUnion released on May 5. This compares to 11.5% ...

Five million borrowers are in default, and millions more are set to enter that phase in the summer. Those borrowers could face wage and federal benefit garnishment if they don't make payments.

The Department of Education says federal student loan borrowers who do not pay on time could damage their credit scores and even have their wages garnished beginning today, May 5 — causing ...

Monday marks the end of a five-year reprieve for federal student loan borrowers, as the Trump administration begins to put millions of defaulted borrowers into collections. For some, that will ...

Another credit agency is ringing the alarm bell on student loan delinquencies just as the Department of Education is resuming involuntary collections on defaulted debt. An all-time high 20.5% of ...

The Department of Education restarts collections of loans in default on Monday, putting millions of borrowers at risk of having their benefits and wages garnished. The move arrives as the Trump ...

Since 2020, collections on student loans have been paused. Currently, 5 million borrowers are in default, which is when a borrower hasn’t paid on his or her loan in over 270 days. The Biden ...

Throughout Biden’s four years in office, he repeatedly promised the more than 40 million federal student loan borrowers either outright loan “cancellation” or payment plans that were greatly ...

As of Monday, millions of student loan borrowers could be facing debt collectors after going into default on their loans during the Biden administration. According to Fox Business, notices have ...