Key Points ・29% of federal student loan borrowers (5.4 million people) remain delinquent, according to TransUnion. ・A new ...

Student loan borrowers who have defaulted on payments could have up to 15% of their pay docked by the federal government starting soon.

About 29% of borrowers, 5.4 million people, were 90+ days late on their student loans as of July, per TransUnion.

Student loan borrowers facing wage garnishment intend to put student loan payments ahead of bills for credit cards and personal loans, a TransUnion survey shows.

Learn how garnishment works, its causes, legal limits, and types. Discover how wages and assets can be seized to settle debts. Get informed relief options here.

A KFF Health News investigation shows that this aggressive collection practice is widespread in Colorado despite consumer ...

When asked about the prospect of prioritizing student loan payments with their existing credit accounts, federal student loan borrowers indicated they intend to pay their mortgage and auto loans first ...

Those facing delinquency will receive a 30-day notice before Federal Student Aid (FSA) withholds a portion of their paycheck, according to CNBC [8]. If you receive this notice, it’s important to act ...

Freedom Debt Relief reports that with the end of the federal pause on student loan collections, borrowers face potential wage garnishment.

In 2020, the federal government paused collections efforts on defaulted federal student loans, part of pandemic relief efforts. While Congress said payments would start again in 2023, the pause ...