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Student Debt Collections Restart on May 5. Here’s What to Know.
If you log in to your account on the federal website, StudentAid.gov, you’ll find your dashboard with details on how much you owe and the status of your loans — whether they are in repayment, for example, or default. If it’s the latter, you may also see a warning at the top.
As collections resume after five years, disaster looms for delinquent borrowers. Preston Cooper is a senior fellow at the ...
A new proposal from Republican lawmakers would eliminate the popular SAVE repayment plan, which helped lower costs for millions.
After a five-year hiatus, the Department of Education is gearing up to resume the collections process on millions of borrowers who have defaulted on their federal student loans. Borrowers who are ...
After a nearly three-year freeze on mandatory payments, the U.S. Department of Education is phasing out its lenient approach ...
The Education Department will resume collection efforts May 5 on defaulted federal student loans, ending the pause in place since March 2020. Borrowers will receive notices advising them to make ...
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