Impacted borrowers have been in default since before the pandemic. If you’re still getting a bill from your servicer you’re not in default — yet. Many, or all, of the products featured on this page ...

A former Trump student-loan chief’s lawsuit could force the Education Department to repay wrongly defaulted borrowers.

A personal loan is in default if you fail to make a scheduled payment on time. Reaching out to your lender early can help you avoid serious damage to your credit score and even legal action. Debt ...

NEW YORK — Starting next month, the Education Department says student loans that are in default will be referred for collections. Roughly 5.3 million borrowers are in default on their federal student ...

Your options to avoid collections when your student loans are in default Staff Personal Finance Editor, Buy Side Valerie Morris is a staff editor at Buy Side and a personal finance expert. Collections ...

As of Monday, the U.S. Department of Education is restarting "involuntary collections" on federal student loans that are in default, which may seriously damage the credit scores of millions of ...

Student loan default can have serious consequences, including wage garnishment, loss of tax refunds and a big hit to your credit Written By Written by Contributor, Buy Side Aly J. Yale is a ...

Student loan default doesn’t mean your credit is ruined for life. While missed payments and a default will show up on your credit report and certainly do decrease your credit score, there are steps ...

(NerdWallet) – 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 ...