If action is not taken by May 5, defaulted borrowers will become subject to wage garnishment to collect their outstanding ...

The move follows the expiration of payment pauses and grace periods that began under former President Biden's administration.

The Department of Education announced Monday it will restart collections on defaulted federal student loans on May 5, ...

when the U.S. government also paused federal student loan payments and interest accrual as a temporary relief measure. That grace period was extended multiple times by the Biden administration and ...

In 2020, President Donald Trump paused federal student loan payments and interest accrual as a temporary relief measure for student borrowers. The pause in payments was extended multiple times ...

LAFAYETTE, KATC - Millions of Americans with defaulted federal student loans will be required to ... borrowers to act quickly ahead of the May 5 deadline. “First thing borrowers should do ...

the deadline to accept admission is one week from Thursday– May 1. But with so much uncertainty surrounding the Department of Education and ultimately federal student loans, how can you be sure ...

The deadline comes as scores of student aid ... its effort will protect taxpayers from shouldering the cost of federal student loans that borrowers "willingly" undertook. Secretary of Education ...

The federal government paused repayment requirements on student loan ... Because of the extended repayment pause, many borrowers’ budgets no longer account for loan repayments, and the shock ...