Student Loan Default Consequences

News

student loan, Social Security

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.

MarketWatch on MSN · 2d

Student-loan borrowers in default could see Social Security benefits cut to $750 as debt collection resumes

The Trump administration is reversing a Biden-era policy that would have protected a larger portion of monthly checks for some defaulted student-loan borrowers

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.

MarketWatch6d

Debt collection on defaulted student loans has started again. Here’s what happens next.

Student-loan borrowers are likely to start feeling the harshest consequences of falling behind on their debt. The Education Department said it’s resuming debt collection on defaulted federal ...

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, ...

Results that may be inaccessible to you are currently showing.

Hide inaccessible results