The U.S. Department of Education to start garnishing the wages of millions of student loan borrowers in default for the first ...

KEY TAKEAWAYS More than 7 million borrowers currently in forbearance under the Saving for a Valuable Education program will ...

The federal government is officially resuming wage garnishment for federal student loans, beginning today, January 7, 2026.

A provision that made student-loan forgiveness tax-free is expiring in 2026. It could put borrowers on the hook for thousands ...

After being paused for 7.6 million borrowers under President Biden’s SAVE plan (Saving on A Valuable Education), the Trump ...

David Chatman, 51, said he's going through bankruptcy proceedings because he cannot afford his student-loan payments without the SAVE plan.

The hammer is coming down on federal student loan borrowers who haven't been making payments. The Department of Education on Monday announced it would resume "involuntary" collections for federal ...

The best thing to do when wages are being garnished is to try to lower your expenses and possibly explore consolidation ...

As part of a new settlement, 7 million borrowers will be phased out of the program. With interest accruing since August, ...

First, find out if your loans are in default. From there, you can take steps to enter repayment or prepare for your paycheck to be docked up to 15%. Courtney Johnston led the CNET Money team and ...

Forbes contributors publish independent expert analyses and insights. Adam Minsky is an attorney and writer focusing on student loans. UNITED STATES - APRIL 29: Chairman Rep. Tim Walberg, R-Mich.

WASHINGTON, DC - JULY 04: U.S. President Donald Trump, joined by Republican lawmakers, signs the One, Big Beautiful Bill Act into law on the South Lawn of the White House on July 04, 2025 in ...