Trump administration restarts student loan collections for millions in default after years-long pause

A reasonable, incremental approach to student loan reform

The student debt crisis is coming to a head this month as collections resume on millions of defaulted borrowers after a pause for much of the past five years. The federal student loan experiment has not been a success and solutions are hard to come by, but House Republicans are pushing for what could be the best path forward for borrowers now as well as those in the future. Nearly 25% of current borrowers are in or near default and the program i…

Student Loan Collections Give Treasury Short-Term Relief As "X-Date" Comes Into Focus

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

ANOTHER OPINION: Debt recollection portends an ominous future for college grads

With the calendar turning to May, college students throughout the country are preparing to leave campus and head out into the “real” world.

The Student Loan Abyss

The latest on the education front is that Linda McMahon’s Department of Education is to become no more than a glorified collection agency to enforce collection of student loans, despite the borrowers’ ability to pay. You better think twice before labeling all loan recipients who can’t pay as “deadbeats.” McMahon is quoted as saying, “I am announcing the end of the dishonest and irresponsible policy. We will conform to the department’s repayment …

How Trump’s crackdown on student loan repayments could affect 320K Utah borrowers

Madison Owens works two jobs and her husband holds down three more just so the Ogden couple can keep up with their monthly bills, like a financial version of Whack-a-mole that’s impossible for them to win.

Student loan wage garnishment: What it means and 5 ways to avoid it

The Trump admin will garnish wages of 5.3M student loan defaulters this summer. Here's what wage garnishment means and 5 ways to avoid it.