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Trump admin starts sending notices to student loan borrowers in default ahead of wage garnishment
The Trump administration is set to resume wage garnishment for federal student loan borrowers in default, with notices going out starting on Wednesday. Student loan borrowers in default were given a…
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Trump administration serves a final blow to end Biden’s SAVE student loan program
The Trump administration took the final step toward killing the Biden administration's SAVE student loan plan, announcing a proposed settlement…
Student loan delinquency rates highest in 21 years as COVID moratorium fades away
The Federal Reserve Bank of New York on Tuesday reported a significant rise in the number of delinquent student loans after…
460K student loan borrowers denied SAVE plan, face higher repayments: report
Nearly half a million federal student loan borrowers will be denied access to lower repayment options, according to a report. …
Trump admin resuming interest charges for nearly 8M student loan borrowers after Biden’s limbo
U.S. Secretary of Education Linda McMahon explained why the Trump administration will soon resume interest charges for nearly 8 million…
Student loan delinquencies tank credit scores for millions of borrowers: How to recover
A 100-point drop in a credit score can be "absolutely catastrophic." It can also take years to recover from, according…
Student loan borrowers in default begin facing debt collections
Millions of student loan borrowers in default will start receiving notices on Monday that they are being put into collections. …
Here’s why the average US credit score is falling
The average U.S. credit score slipped nationwide, largely due to the resumption of federal student loan delinquency reporting on U.S.…
Married Americans with student loans with income-driven plans may get a break: report
Married student loan borrowers on income-driven repayment (IDRs) appeared to no longer have to worry about the possibility of an…
Late car payments rise to highest level in over 30 years
Missed payments on auto loans by American car owners rose to the highest level in three decades earlier this year. The…
Fact or fiction: Will Trump’s federal funding freeze impact student loans, grants?
Following the temporary freeze on federal assistance, ordered by the Trump administration's Office of Management and Budget (OMB), Americans may…
Trump DOJ asks Supreme Court to freeze student debt, environment cases
President Donald Trump's Justice Department on Friday asked the Supreme Court to freeze a handful of cases, including a challenge…
Biden cancels more student loans with one week left to his term
As President Joe Biden's term draws to a close, he has granted federal student loan relief to an additional 150,000…