The Department of Education is resuming collecting payments on defaulted federal student loans as of May 5, and is threatening to garnish wages, withhold tax refunds, and other punitive measures.

With the Department of Education this month resuming collections on student loans, millions of Americans are at risk of having their wages garnished.

Social Security beneficiaries are at risk of receiving a smaller benefit if they've fallen behind on their student loans.

Borrowers who are roughly a year behind on their loans could face harsh consequences such as having their Social Security benefits taken and their wages garnished.

A loan generally becomes delinquent when a payment is late by more than 90 days, while a default occurs after around 270 days of missed payments.

When you default on your student loans, your debt is transferred out of the normal repayment servicing system. It enters “into what’s almost like the ‘bizarro land’ of the repayment system,” says ...

The Education Department says millions of borrowers in default will have a chance to make a payment or sign up for a ...

Seriously delinquent student loans are at a record high just as involuntary collections resume. Many borrowers are at risk of ...

The Consumer Financial Protection Bureau estimated in January that 452,000 people aged 62 and older have student loans in ...

Her focus is reporting on consumer and social trends ... May 5 as the U.S. Department of Education begins reporting defaulted loans to credit agencies again—a move that could impact millions ...

The Trump administration is resuming collection of loans that are in default. According to the U.S. Department of Education, about 5 million borrowers have defaulted on their student loans. And ...

More than 450,000 borrowers in that age group are in default on their federal student loans and likely to be receiving Social Security benefits, the Consumer Financial Protection Bureau found.