Education Department Begins Debt Collection for Student Loan Borrowers in Default

Articles

Summary

Trump Admin May Withhold Student Loans From New Borrowers: Report

The Trump administration is reportedly warning colleges and universities that they could lose access to federal student loan funding if they don't take action to improve repayment rates among former students.

Left

Newsweek

Student loan collections: Options to get out of default

About 5 million federal student loan borrowers who are at least nine months behind on payments could start having their wages, tax refunds, or federal benefits garnished.

Middle

KRIV

Student loan borrowers in default begin facing debt collections

Millions of student loan borrowers in default will start receiving notices on Monday that they are being put into collections.

Right

Fox Business

Western Razor Co.

Ditch the disposables and switch to an American-made safety razor and get a better shave.

News Results

‘Pay Your Damn Student Loan!’: Charles Payne Calls Out ‘Pampered Elitists’ As Trump Ends Biden Admin Giveaway

The Department of Education announced it would resume collections on delinquent student loans. Fox Business host Charles Payne tore into people taking advantage of the Biden administration’s decisions to defer or forgive student loans Monday. Payne expressed little sympathy for claims that forcing borrowers to repay student loans would cause them financial hardship. “These are the most pampered elitists,” Payne said.

RIGHT

2h ago

Department of Education resumes collections on defaulted student loans

"I don't let the interest accrue, and I just keep paying them," says Matt Carter. The Department of Education hasn't collected on defaulted student loans since March 2020. "You don't default the very first day you don't make a payment,” says Arkovich Law.

MIDDLE

2h ago

Coloradans impacted as Department of Education resumes collecting on student loans

Government can start taking money out of tax refunds, Social Security benefits, and eventually, paychecks. More than 5 million borrowers are in default and are at risk of having their benefits or wages garnished. Don't panic if you're impacted, and educate yourself on your options to get a loan out of default.

LEFT

2h ago

Defaulted student loan collections resume this week: What you need to know

According to the Department of Education, 42 million people owe more than $1.6 trillion in student debt, with only 38 percent of borrowers in repayment and current on their student loans.

MIDDLE

2h ago

Federal government set to resume collection of student loans in default

The U.S. Department of Education is restarting its collection of student loans in default. The government has not collected on defaulted loans since March 2020. 42.7 million borrowers owe more than $1.6 trillion in student debt. More than 5 million borrowers are in default after not making a monthly payment.

MIDDLE

5h ago

Student loan collections resume, affecting millions in default

The Education Department has resumed sending student loan borrowers in default to collections. The process paused for five years due to the COVID-19 pandemic. Experts warn that the government can now begin garnishing Social Security benefits and tax refunds. Beginning this summer, the government will also start taking money directly from paychecks.

MIDDLE

47m ago

Default student loans sent to collections starting Monday

Starting Monday, the Education Department will resume reporting defaulted student loans to collections agencies. A loan is considered in default if no payment has been made for about nine months. The Trump administration says at least 5 million people could be impacted. Nearly a quarter of all people with student loan debt are in danger of default, the administration says.

MIDDLE

13h ago

Student loan panic: 5.3 million borrowers could face wage garnishment starting May 5

Starting May 5, the U.S. Department of Education will begin collecting on federal student loans that have been in default. This marks the end of a pandemic-era pause that began in March 2020. About 5.3 million borrowers are already in default, and an additional 4 million are 91 to 180 days behind on payments.

MIDDLE

8h ago

Trump administration to resume collections on student loan borrowers in default

The Education Department says millions of borrowers in default will have a chance to make a payment or sign up for a repayment plan. But on May 5, those who don't will be referred for collection.

MIDDLE

9h ago

Student loan collections restart today. What you need to know if your loans are in default

The U.S. Department of Education will begin paying back student loans on May 5. The payments will be made after a 30-day grace period. The program is designed to help students pay off their student loans. It is not a replacement for student loans, but a way for them to pay off debt.

MIDDLE

8h ago

Student Loan Collections Resume Today: What You Need To Know

Student loan collections resume for millions of Americans as of Monday. The Department of Education officially ended the five-year, COVID-era pause. Nearly 10 million borrowers facing a current or impending default could soon experience abrupt financial pressure as the Treasury Department-led aggressive loan collection program commences.

LEFT

12h ago

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 loan policies,' the Secretary of Education says.

MIDDLE

8h ago

Western Razor Co.

Ditch the disposables and switch to an American-made safety razor and get a better shave.

Summary

Latin Times

Trump Admin Says It Will Collect Defaulted Student Loans From Borrowers' Wages: 'The Federal Government Can And Will'

LEFT13d ago

Breitbart

DoE to Restart Involuntary Student Debt Collection After Pandemic Pause

RIGHT13d ago

shreveporttimes.com

Department of Education to resume collecting student loan payments. Here's what to know

MIDDLE13d ago

Education Department Begins Debt Collection for Student Loan Borrowers in Default

Western Razor Co.

News Results

‘Pay Your Damn Student Loan!’: Charles Payne Calls Out ‘Pampered Elitists’ As Trump Ends Biden Admin Giveaway

Department of Education resumes collections on defaulted student loans

Coloradans impacted as Department of Education resumes collecting on student loans

Defaulted student loan collections resume this week: What you need to know

Federal government set to resume collection of student loans in default

Student loan collections resume, affecting millions in default

Default student loans sent to collections starting Monday

Student loan panic: 5.3 million borrowers could face wage garnishment starting May 5

Trump administration to resume collections on student loan borrowers in default

Student loan collections restart today. What you need to know if your loans are in default

Student Loan Collections Resume Today: What You Need To Know

Cinco de Payo: Millions of Student Loan Borrowers to Get Collection Notices as Default Crackdown Begins

Western Razor Co.

RELATED

MOST RECENT

WHAT'S HOT

POLITICS

NEWS

TRUMP ADMINISTRATION

WORLD

HEALTH

TECHNOLOGY

SUPPRESSED

SPORTS

ENTERTAINMENT

Department of Education to Resume Collection of Federal Student Loans in Default