Millions of student loan borrowers are facing potential wage garnishment this summer if they don't take the complicated steps ...

Student loan servicers are expected to be overwhelmed as 5.6 million defaulted borrowers face collection actions.

He works a full-time job, pays bills on time and is a genuinely good person, but I feel like he’s just living day by day.” ...

Borrowers who are behind on federal debts may be subject to wage garnishment and could see their credit scores take a ...

Student loan delinquency is surging, nearly one-third of federal borrowers are at least 90 days behind, according to ...

Student loan payment delinquencies are appearing on credit reports for the first time in more than 3 years, affecting credit ...

Involuntary collections on defaulted student loans are resuming after a five-year pause. Women, who held almost two-thirds of all student loan debt in 2021, could be hit harder.

Personal Loan Stats at a Glance. Unsecured personal loan balances reached a record high of $222 billion in Q4 2022. Below-prime borrowers led the way, with yearly growth of 60.4% for subprime and ...

Collections on loans in default began on Monday, marking an end to the five-year pause that began during the Covid-19 pandemic. Skip to Main Content Open Close Menu ...

For the first time in five years, the federal government is resuming collections on federal student loans that are in default, starting May 5. Students with outstanding loans have several options ...

Benefits could be withheld from 5.3 million defaulted student loan borrowers, feds say A default student loan is a loan that hasn't been paid in 270 days, which is about nine months.