Behind on Student Loan Payments? You're in Danger of Being Sent to Collections

Behind on Student Loan Payments? You're in Danger of Being Sent to Collections

Getting your loans out of default isn't necessarily easy, but it could save you from having your wages garnished.

Trump administration to garnish wages of 5.3 million defaulted student loan borrowers this summer

The Trump administration is set to garnish the wages of the 5.3 million federal student loan borrowers in default in just a few months.

US student loan collections resume: here’s what you need to know

Federal government restarted collecting on defaulted loans, ending a five-year pause that began during CovidThe federal government resumed collecting on defaulted student loans on Monday, ending a five-year pause that began during the Covid-19 pandemic.The Department of Education says federal student loan borrowers who fail to pay on time could damage their credit scores and even have their wages garnished, their tax refunds seized, and even see…

Trump administration restarts involuntary collections on student loan debt

The Department of Education resumed collections on defaulted federal student loans on Monday and reminded colleges and universities of their “shared responsibility” to ensure taxpayers aren’t on the hook for unpaid debts.

Collection of defaulted student loans resumes for first time since 2020

The Trump administration says it will collect student debt through a federal program that withholds payments through tax refunds, wages and government benefits

Student loan collections resume as record number of borrowers fall behind on payments

TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.