The federal government is preparing to restart one of its most aggressive student-loan collection tools: wage garnishment. Beginning early next year, the U.S. Department of Education will notify ...

As 2025 nears its end, the new year will mean nearly 43 million Americans with student loan defaults will have to start repaying. Beginning next month, the U.S. Department of Education will send ...

As 2025 nears an end, the new year will mean nearly 43 million Americans with a student loan in default status will have to start repaying. Beginning next month, the U.S. Department of Education will ...

The best thing to do when wages are being garnished is to try to lower your expenses and possibly explore consolidation ...

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 ...

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

For most federal student loans, default status starts after 270 days—about nine months—of nonpayment. Once a loan is in ...

Borrowers who are in default can either rehabilitate their loan - which requires them to make nine on-time monthly payments in 10 months - or consolidate their loan to become current again. Once ...

As 2025 is nearing an end, the new year will mean nearly 43 million Americans with a student loan in default status will have ...

Some bachelor's degrees, such as a computer science major, will earn more at the beginning of their career and incur less student debt, making it easier to pay off their loans quickly.

The wage garnishment announcement marks a departure from past handling of student loan borrowers in default. Since March 2020 ...

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