Involuntary collection begins May 5. For some students, it will be the first time they've ever had to confront the obligation of repaying their debt.

Managing your student loans and making a repayment plan starts with understanding the basics of personal finance. There is no ...

After a 30-day notice, the department will begin garnishing wages for borrowers in default. Loan holders who don't make ...

In a Wall Street Journal op-ed, U.S. Secretary of Education Linda McMahon explained the U.S. Department of Education’s ...

Borrowers in default could see their wages garnished or Social Security benefits seized. Here’s what you need to know.

When a borrower defaults on a student loan, the government has the power to deduct from their Social Security checks and tax refunds to repay the debt. The government can also garnish borrowers' wages ...

Millions of borrowers are behind on their student loans following the end of the pandemic pause and changes to the loan ...

A federal student loan is considered in default after 270 days of non-payment. Borrowers can check their loan status by ...

The process will begin on May 5, with the actual wage garnishment to begin in the coming weeks given the required 30-day ...

The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday.

In an announcement this week, the department warned that millions of borrowers could be referred to debt collectors and see ...

Student loan collections resume May 5, with wage garnishment and tax refund seizures targeting millions in default. WASHINGTON - The Education Department will start collection next month on student ...