News

Student loan delinquencies tank credit scores for millions of borrowers: How to recover
Millions of student loan borrowers face credit score drops due to delinquencies, impacting their ability to secure new loans, according to the New York Fed.
Student Loan Borrowers Are Leaving SAVE Plan for More Certain Repayment Options
The legal challenges to the Saving for a Valuable Education (SAVE) plan have put millions of federal student loan borrowers in limbo for months. Some are now moving from SAVE to other repayment plans to continue progressing toward loan forgiveness.
Student loan borrowers could wait 2 years to get applications approved
The Education Department previously disclosed that more than 1.98 million IDR applications were pending at the end of April.
Student loan delinquencies surge, sending credit scores plunging for borrowers
Student loan delinquencies have surged since a pause in reporting has concluded, with millions facing credit score declines, according to a New York Federal Reserve report.
Student Loan Servicers Face A Backlog Of Almost 2 Million Applications
As loan servicers struggle to keep up with constantly changing student loan policies, they have accumulated a backlog of almost 2 million borrowers waiting for their income-driven repayment application to be processed.
Student loan repayment, forgiveness rules changing again in 2025
Student debt rules are shifting again. Here's what borrowers need to know about collections, repayment, and forgiveness in 2025.
Student Loan Delinquencies Nearly Double Since Pandemic, Study Finds. What to Do if You're Behind on Payments
Don't wait to get back on track with student loans. Falling behind could hurt your credit score and have even more serious consequences.
Nearly 50,000 Student Loan Forgiveness Applications Are ‘Pending,’ With No Clear End Point
The Trump administration revealed that nearly 50,000 applications for a student loan forgiveness “buyback” program remain stuck in limbo, with no resolution in sight.
Education Department backlog leaves nearly 2 million student loan borrowers in limbo
In a recent court filing, the Education Dept. disclosed that 1,985,726 income-driven repayment plan applications were still pending as of the end of April.
Apollo says reporting of delinquent student loans can dent credit scores for millions
Apollo Asset Management has issued a stark warning regarding upcoming challenges to consumer spending in the United States.
Student Loan Credit Report Damage Surges — 4 Things Borrowers Can Do
Student loan borrowers are facing an unprecedented credit damage crisis as the federal student loan repayment system remains mired in turmoil and delinquencies surge.
A Harsh Reality Returns: Student Loan Collections Resume for Millions in Default
Borrowers now face tough choices—begin repayment or risk serious penalties such as wage garnishment and seizure of tax ...
The Student Loan Payment Mess Is About to Get Worse
The United States Department of State has issued a new travel advisory for a foreign country, and it's a nation that many ...
Behind on your student loan? Here's what to know about wage garnishment.
With the Department of Education this month resuming collections on student loans, millions of Americans are at risk of having their wages garnished.
As student loan delinquencies spike, borrowers risk 'potential spillovers' with other late payments, NY Fed says
Millions of borrowers who are late on their student loan payments are at risk of falling behind on other debts, the New York Fed says.
Labour to ban over-60s from taking out student loans
Labour is set to ban over-60s from taking out student loans after taxpayers were saddled with £50m in unpaid debt.