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 per 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 ...

Cinco de Payo: Millions of Student Loan Borrowers to Get Collection Notices as Default Crackdown Begins ‘American taxpayers will no longer be forced to serve as collateral for irresponsible student ...

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

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 ...

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 ...

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.

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 ...