Ever ask yourself what happens when the “pause” button on your student loans finally flips off after all those years? Here’s ...

Worried about missing a payment? Learn what happens if you default on a personal loan. It might damage your credit score and ...

The far-reaching consequences of student loan default can hit a borrower all at once. The government can withhold portions of Social Security checks, take tax refunds and garnish paychecks.Credit ...

Student loans in default will be sent for collection. Here’s what to know for borrowers Currently, roughly 5.3 million borrowers are in default on their federal student loans.

Federal student loans in default will be sent to collections next week. Here’s what to know. Student loan borrowers with loans in default could see their wages garnished as collections begin May 5 ...

Millions of student loan borrowers in default will start receiving notices on Monday that they are being put into collections. The move comes after the Department of Education said last month that ...

Even before you default, a delinquent loan will likely have a major, negative effect on your credit score. But once the loan payment is about nine months late, more severe consequences kick in.

If your student loan is in default, it’s paramount to reach out to the organization that notified you about the situation so you can discuss your options.

Collections had been on pause since March 2020, as a result of the COVID-19 pandemic, and the restart is expected to impact roughly 5.3 million borrowers currently in default.

The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday.

Currently, roughly 5.3 million borrowers are in default on their federal student loans. The Trump administration‘s announcement marks an end to a period of leniency that began during the COVID ...