The U.S. Department of Education announced Monday that it will resume involuntary collections on defaulted student loan payments on May 5. Since March 2020 — the start of the COVID-19 pandemic — there ...

Learn the differences between loan delinquency and loan default, and how they impact your credit score and long-term financial health.

Your credit score and credit history are important for many reasons, but this is especially true when it comes to applying for additional credit or loans. If your credit history is riddled with missed ...

(CNN) — The Department of Education restarts collections of loans in default on Monday, putting millions of borrowers at risk of having their benefits and wages garnished. The move arrives as the ...

After a five-year suspension that began in March 2020, the Trump administration is turning the student loan default collections machine back on. Millions of borrowers with defaulted loans are poised ...

For the first time in five years, starting this week, the federal government is resuming collections on federal student loans that are in default, an accelerated process that allows financial ...

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For the first time in five years, the federal government is resuming collections on federal student loans that are in default, starting May 5. Students with outstanding loans have several options for ...