Currently, 5 million borrowers are in default, which is when they haven’t paid on their loans in over 270 days.

Beginning May 5, the Education Department will begin involuntary collection. Involuntary collection means the government can garnish wages, intercept tax refunds and seize portions of Social Security ...

An important deadline hits Monday May 5, for federal student loan borrowers as the government can start taking money out of ...

Millions of borrowers who haven't paid their loans in several months could start seeing things such as tax refunds be withheld, or even an impact to credit scores.

Wage garnishment for defaulted student loans has officially resumed. Here’s who’s at risk, how it works, and what borrowers ...

How does our Editorial Board Roundtable see the risks and potential benefits of a decision to start putting more than 5 ...

President Trump's second term, DOGE hasn't delivered on its promised savings, efficiency or transparency in meaningful ways.

(CNN) — The Department of Education announced on Monday that it will restart collecting federal student loans in default on May 5, ending a pandemic-era pause that began roughly five years ago.

The Education Department in February took down applications for income-driven repayment programs — which tie a monthly payment to a person’s income level — only to bring them back online a ...