Fact checked by Ward Williams Nearly 25% of the $1.6 trillion federal student loan portfolio could default in the near future, considering that nearly 10 million borrowers were over 90 days delinquent ...

For loans made under the William D. Ford Federal Direct Loan Program or the Federal Family Education Loan Program, it takes 270 days from your last student loan payment to go into default. Other ...

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.

NEW YORK — Starting next month, the Education Department says student loans that are in default will be referred for collections. Roughly 5.3 million borrowers are in default on their federal ...

Student loans borrowers in default face harsh penalties starting May 5. Here's how to know if you're impacted and how to get out of default.

NEW YORK (AP) — Starting next month, the Education Department says student loans that are in default will be referred for collections. Roughly 5.3 million borrowers are in default on their ...

Key takeaways. A personal loan is in default if your payments are 30 to 90 days late, depending on your loan agreement. Reaching out to your lender early can help you avoid serious damage to your ...

Borrowers who have student loans in default will receive communication from Federal Student Aid in the upcoming weeks with information about their options, according to the Education Department.

Currently, roughly 5.3 million borrowers are in default on their federal student loans. Skip to content. All Sections. Subscribe Now. 75°F. Sunday, July 13th 2025 E-Edition. Home Page.

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 ...

NEW YORK — Starting next month, the Education Department says student loans that are in default will be referred for collections. Roughly 5.3 million borrowers are in default on their federal ...

If you’re in default, take action now. You want to contain the damage as much as possible. Unlike other forms of consumer debt, there’s no statute of limitations on federal student loan debt ...