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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.
Some Tennessee student loan borrowers could have their wages garnished under new changes. What to know
In the coming weeks people with student loans in default may see their wages garnished. Here's what Tennesseans need to know.
Student Loans in Default Will Be Sent for Collection. Here's What to Know for Borrowers
Starting next month, the Education Department says student loans that are in default will be referred for collections
Education Department to begin garnishing wages on defaulted student loan borrowers
The Treasury Offset Program, a federal program that collects debts by garnishing federal and state payments, will administer collections.
Student Loan Payment Change: What It Means for Borrowers' Credit Scores
After a nearly three-year freeze on mandatory payments, the U.S. Department of Education is phasing out its lenient approach to missed payments.
Borrowers could face wage garnishment if they don't start repaying federal student loans
The U.S. Department of Education announced its plans to resume collections on defaulted student loans on May 5.
If You're Behind on Student Loan Payments, Your Wages Could Be Garnished Soon
The Department of Education said it will resume sending defaulted loans to debt collectors. Experts advise taking these steps now.
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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 ...
Trump administration is about to collect payments from millions of student borrowers. Experts say it risks slowing the economy.
The Trump administration’s plan to begin collecting defaulted college loan payments from millions of borrowers risks ...