In an announcement this week, the department warned that millions of borrowers could be referred to debt collectors and see ...

Earlier this summer, millions of federal student loan borrowers got a promising email. The Biden ... plan, a Republican-led ...

The Education Department will begin collection next month on student loans in default, including garnishing wages of ...

Currently, around 42 million Americans hold federal student loans and roughly 5.3 million borrowers are in default.

Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of defaulting.

Millions of borrowers in default on their student loans also could have their tax refunds and Social Security benefits ...

Starting May 5, the Treasury Department’s offset program will initiate involuntary collection on student loans in default.

A federal student loan is considered in default after 270 days of non-payment. Borrowers can check their loan status by ...

Biden has been under pressure to fulfill his promises on student debt relief even though his original plan was overturned by the conservative majority on the Supreme Court. President Joe Biden ...

If action is not taken by May 5, defaulted borrowers will become subject to wage garnishment to collect their outstanding balances.