Interest will begin to accrue for millions of student borrowers on the SAVE plan starting Aug. 1. Here's what experts say ...

Carrie, a single mother currently between jobs, had a student loan payment of $0 a month under the Saving on Valuable Education (SAVE) repayment plan. After a court ruling against SAVE and ...

The U.S. is resuming collections on defaulted student loans after a 5-year pause, risking wage garnishments and benefit seizures for millions ...

The US Department of Education has halted the cancellation of student loans in Income-Based Repayment plans, prompting ...

What to know as student loan collections resume for those in default Americans with student loans who are behind on their payments could face having their wages garnished and other serious ...

The public school teacher’s federal student aid was consolidated through loan servicer MOHELA several years ago. But even after her account showed a $0 balance, the past due notices appeared on ...

Millions of student loan borrowers in default will start receiving notices on Monday that they are being put into collections. The move comes after the Department of Education said last month that ...

Still, borrowers should get at least a 30-day warning, Kantrowitz said. The notice should be sent to your last known address, so borrowers should make sure their loan servicer has their most ...

Student loans are considered in default after they have not been paid for 270 days or more. Last month, the Associated Press reported that just 40% of borrowers are up-to-date on their payments ...

As part of the announcement, the Education Department began issuing 30 day notices to defaulted student loan borrowers, letting them know garnishments would begin soon.