The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.
Starting next week, the Education Department said student loans that are in default will be referred for collections. Roughly 5.3 million borrowers nationwide are in default on their federal ...
With the U.S. Department of Education's "involuntary collections" on federal student loans now underway, millions of borrowers face a "default cliff," reports show. A new analysis by TransUnion ...
Preston Cooper at AEI recently published an analysis of the latest federal student loan data, and the results were sobering: 5.5 million borrowers in default, another 3.7 million more than 270 days ...
Millions of borrowers are considered in default, meaning they are 270 days past due on their payments. The department must ...
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