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Student Loan Collections Resume

Student Loan Debt Collection Resume For Defaulted Borrowers After 5-Year Pause

Wage garnishment for defaulted student loans has officially resumed. Here’s who’s at risk, how it works, and what borrowers can do to avoid losing part of their paycheck.

CBS News on MSN · 11h

Student loan borrowers struggle to pay, get answers as debt collections begin: "We're kind of drowning"

Jana Heartwood owes more than $40,000 in student loan debt. She says when payments resumed last year, she was not notified and is now struggling to get answers from her loan servicer.

Barron's on MSN · 6h

Millions of Student Loan Borrowers Face Collections Starting Now. Consumer Spending Is At Stake.

The Department of Education is resuming collecting payments on defaulted federal student loans as of May 5, and is threatening to garnish wages, withhold tax refunds, and other punitive measures.

The First 100 Days at the SBA: A Sprawling New Loan Portfolio Awaits

There’s been a sea of change at the agency, including more fees for borrowers and tighter underwriting standards.

Repayment Assistance Plan Explained: Huge Update For 40 Million Borrowers On Republican Student Loan Plan

House GOP proposed a major student loan forgiveness and repayment overhaul. Here’s how the Repayment Assistance Plan would ...

YourTango2dOpinion

New Study Shows 1 In 3 Students Think The Government Should Stop Giving Loans For Expensive Tuition

Students are incredibly stressed about costs and the future, and it has some of them calling for drastic measures.

Las Vegas Sun6dOpinion

Student loan defaulters deserve more grace before harsh penalties

After five years of pause, confusion and court battles, the U.S. Department of Education will soon restart collections on ...

10dOpinion

The crippling effect of student debt on high earners

When Tony Blair laid out his goal of sending half of the British population to university in 1999, tuition fees were just ...

Finance Strategists on MSN6d

Can You Put Student Loans in a Bankruptcy? | Rules, Exceptions

Explore the complex process of discharging student loans in bankruptcy, the undue hardship standard, bankruptcy types, and ...

Inside Higher Ed6d

House Bill Calls for Risk-Sharing, Sweeping Changes to Student Loan Program

The 103-page bill, known as the Student Success and Taxpayer Savings Plan, is part of House Republicans’ plan for ...

USA Today13d

Defaulted student loan payment collections to resume May 5. Here's what you need to know

The U.S. Department of Education announced Monday that it will resume involuntary collections on defaulted student loan payments on May 5. Since March 2020 — the start of the COVID-19 pandemic ...

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