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Student Loan Borrowers Beware

Millions of Student Loan Borrowers Are Behind on Payments
They’re seeing their credit scores drop, which will make it more difficult to buy a car or rent a home. And that has implications for the already slowing economy.
Moving Student Loans to the SBA Could Create Problems for Borrowers, Experts Say
President Trump's order to close the Department of Education included the move of student loans to the Small Business Administration. Trump has said the change will mean "much better" service, but advocates and experts say the shift would add to the confusion of already overwhelmed borrowers.
Student loan borrowers in default face garnished wages
Washington — The Education Department will soon begin collecting payments for student loans that are in default, including through wage garnishment for potentially millions of borrowers, the department announced Monday.
With millions in default on student loan payments, collections will soon resume
With millions of borrowers behind on student loan payments, the Department of Education announced Monday it will start referring those in default for debt collection. The big picture: Some 5.3 million borrowers who are in default could see their wages garnished if they don't resume payments.
Millions face student loan collections as pause ends May 5
The U.S. Department of Education said today it will resume collecting federal student repayments from borrowers in default from May 5 after a pause of more than five years.
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Trump: Small Business Administration to handle student loans
The nation’s student loan portfolio will be handled by the Small Business Administration ... along with formula funding and student loans. Created in 1953, the SBA is “fully dedicated to ...
Republicans hesitant to stand behind Trump’s plan for student loans
Although SBA managed a wealth of Covid relief programs, it normally runs a much smaller operation than student debt.
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Trump says student loans will be handled by Small Business Administration
programs: "The Small Business Administration...will handle all of the student loan ... president said during a White House event that student loans will be handled by the Small ...
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Trump wants Small Business Administration to handle student loans. Here's what borrowers need to know
President Donald Trump said last week that federal student loans would "immediately" be moved out of the U.S. Department of Education and will be managed by the Small Business Administration ...