The federal agency said more than 5 million borrowers have been in default, not making monthly ... collateral for ...

A federal student loan is considered in default after 270 days of non-payment. Borrowers can check their loan status by ...

Starting May 5, the Treasury Department’s offset program will initiate involuntary collection on student loans in default.

Starting next month, the Education Department says student loans that are in default will be referred for collections ...

After pausing during the early weeks of COVID-19, the U.S. Department of Education has not collected on defaulted loans in ...

If action is not taken by May 5, defaulted borrowers will become subject to wage garnishment to collect their outstanding balances.

Some borrowers who are behind on payments might see money withheld from wages, tax refunds and Social Security benefits. Here ...

The Education Department will begin collection next month on student loans that are in default, including the garnishing of ...

Some 5 million Americans with defaulted student loan payments will have their loans sent for collections on May 5, the ...

Deferring a personal loan payment can relieve financial stress ... or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own.