Student Loan Default Consequences - Search News

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student loan, New York Fed and Social Security benefits

CNBC on MSN · 2d

As student loan default rate spikes, some borrowers face 'grave consequences,' New York Fed says

Millions of borrowers who are late on their student loan payments now face "grave consequences" as collection activity restarts, the New York Fed says.

NBC News on MSN · 1d

Student loan borrowers in default could see up to 15% of Social Security benefits garnished

That involuntary collection activity could have serious consequences on those who rely on the benefits to pay most, if not all, of their bills, consumer advocates say.

USA TODAY on MSN · 7d

Benefits could be withheld from 5.3 million defaulted student loan borrowers, feds say

By the end of summer, 5.3 million defaulted student loan borrowers may lose federal wages and benefits, the Department of Education announced.

CNET on MSN2d

Student Loan Delinquencies Have Doubled. How to Get Back on Track Even if You're Falling Behind

Experts say many borrowers have fallen out of the habit of repayment, which can result in serious consequences.

12don MSN

Student Loans: The Best Repayment Plans Available

Defaulted borrowers will become subject to wage garnishment to collect their outstanding balances if they don't arrange a ...

1don MSN

Student loan delinquencies surge, sending credit scores plunging for borrowers

Student loan delinquencies have surged since a pause in reporting has concluded, with millions facing credit score declines, ...

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