Being in default on a federal student loan means the borrower has gone a long period without making required payments and ...
Student loan debt hits $1.65T, defaults rise, and wage garnishments loom—learn key impacts on consumer credit and how to ...
Soy Aire on MSN
Impending wage garnishment for student loan defaulters in 2026: What you need to know
Starting early 2026, thousands in the U.S. may face wage garnishment due to defaulted federal student loans. The government ...
Millions are at risk of student loan default as collections intensify. Discover essential steps to avoid harsh consequences.
Preston Cooper at AEI recently published an analysis of the latest federal student loan data, and the results were sobering: 5.5 million borrowers in default, another 3.7 million more than 270 days ...
Major new updates announced by the Education Department this month could impact millions of Americans with federal student ...
The wage garnishment announcement marks a departure from past handling of student loan borrowers in default. Since March 2020 ...
Starting the week of Jan. 7, the Education Department will begin sending notices about paycheck deductions to about 1,000 of ...
By law, the feds can seize up to 15% of a borrower’s disposable pay if they have defaulted on federal student loans — without ...
About 5.5 million borrowers are currently in default. They haven't risked wage garnishment since the beginning of the pandemic, when policymakers paused the practice.
From paused student-loan repayment plans to new debt relief limits, 2026 brought critical changes to borrowers. There's a lot ...
Opinion
Trump Set to Garnish Wages for Student Loan Defaults; The Debt Collective Lays Out Other Options
Starting in January, the Trump administration says it will garnish the wages of student loan borrowers who haven’t been able to make their payments for at least nine months. “It’s cruel and hostile to ...
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