President Donald Trump has announced plans to start collecting payments for defaulted federal student loans starting in May.

The Education Department is now set to begin involuntary collection through the Treasury Department’s offset program for ...

Key Points ・Military borrowers have access to special benefits including interest rate caps, deferments, and loan forgiveness ...

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

If you log in to your account on the federal website, StudentAid.gov, you’ll find your dashboard with details on how much you ...

It is no secret that the federal student loan program is in crisis. Nearly 40% of the 43 million borrowers are either in an ...

The student loan payment deferment program ends on May 5, so borrowers need to be prepared to start making payments again.

Federal student loans typically offer the ... Borrowers can take advantage of no origination, application or prepayment fees. Borrower protections include deferment and forbearance.

The U.S. Department of Education plans to resume collecting defaulted student loans on May 5 after a yearslong pause that ...

This type of loan requires the parent (or sometimes grandparent, legal guardian or other relative) to submit an application on the student's ... request forbearance or deferment compared to ...

Application Process Most types of deferment and forbearance are not automatic. You’ll need to fill out a form and submit relevant documentation to your student loan servicer. Credit Impact ...