Student loan debt hits $1.65T, defaults rise, and wage garnishments loom—learn key impacts on consumer credit and how to ...

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 ...

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.

A spokesperson for the federal Department of Education said the agency will send the first notices to defaulted borrowers in ...

Starting the week of Jan. 7, the Education Department will begin sending notices about paycheck deductions to about 1,000 of ...

Repayment plans and loan limits are set to change, while the Education Department remains in flux. “It will be a really ...

The Trump administration will begin garnishing wages of student loan borrowers in default starting in January, the Education Department told CNN on Tuesday.

Borrowers who recently became eligible for student loan forgiveness will not have to pay taxes on discharged loans, the Trump administration has confirmed. The Department of Education said last week ...

Starting in 2026, student loan forgiveness will be taxable at the federal level. This could cost the average borrower thousands in taxes.

Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government, student loan lenders and others. Check out our Student Loan ...

The Trump administration will start garnishing the wages of student loan borrowers in default in early January.