She made a point in May to remind colleges of their role in ensuring borrowers repay their loans. As recently as Jan. 7, the ...
Borrowers who were worried that their wages could be garnished to collect student loan debt are now facing a temporary ...
Today, the White House announced an indefinite pause of the collection of defaulted federal student loan debt, including through the Treasury Offset Program, which applies any tax refunds towar ...
Department of Education delays garnishing wages and intercepting federal income tax refunds, as changes are made in student ...
A borrower is in default after an extended period without making payments and failing to restore the loan to good standing.
When debt piles up, it can start to feel like there's no way out. After all, credit card minimum payments barely chip away at your balances, the interest charges keep climbing, and if you're behind on ...
CRFB President Maya MacGuineas called the decision “beyond ridiculous,” coming six years removed from the Covid pandemic that first put a stop to student-debt collections.
Many people struggle with debt. And thanks to high interest rates, rising costs of living, and other challenging financial conditions, that debt can be particularly hard to get out of these days.
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You may have options if a debt settlement no longer feels right, but the timing, paperwork and payments matter.