For most federal student loans, default status starts after 270 days—about nine months—of nonpayment. Once a loan is in ...

The Education Department quietly announced that there are no plans to restore a tracker that had allowed borrowers to assess ...

Student loan borrowers will face taxes on certain types of loan forgiveness in 2026, but state tax rules will make ...

As part of a new settlement, 7 million borrowers will be phased out of the program. With interest accruing since August, ...

The wage garnishment announcement marks a departure from past handling of student loan borrowers in default. Since March 2020 ...

A new study suggests that distressed borrowers using a simpler bankruptcy process are succeeding — and that more people like ...

Millions of federal student loan borrowers are about to discover that the safety nets they counted on are being rewired in ...

Starting the week of Jan. 7, the Education Department will begin sending notices about paycheck deductions to about 1,000 of ...

Starting early 2026, thousands in the U.S. may face wage garnishment due to defaulted federal student loans. The government ...

Major changes are coming for millions of Americans who borrowed money for higher education and now find themselves with ...

About 5.5 million borrowers are currently in default. They haven't risked wage garnishment since the beginning of the pandemic, when policymakers paused the practice.

The Trump administration says it will begin garnishing the wages of student loan borrowers who are in default early next year.