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News

5 million student loan borrowers face mandatory collections

ABC News on MSN · 20h
5 million student loan borrowers face mandatory collections starting May 5
Some 5 million Americans with defaulted student loan payments will have their loans sent for collections on May 5, the Department of Education announced on Monday.
Investopedia · 27d
Moving Student Loans to the SBA Could Create Problems for Borrowers, Experts Say
President Trump's order to close the Department of Education included the move of student loans to the Small Business Administration. Trump has said the change will mean "much better" service, but advocates and experts say the shift would add to the confusion of already overwhelmed borrowers.
U.S. News & World Report · 3h
Student Loans in Default Will Be Sent for Collection. Here's What to Know for Borrowers
Starting next month, the Education Department says student loans that are in default will be referred for collections
Hosted on MSN27d
Trump wants Small Business Administration to handle student loans. Here's what borrowers need to know
In a recent announcement, President Donald Trump said he wanted to "immediately" transfer the country's $1.6 trillion student loan portfolio to the Small Business Administration. Experts ...
CNET6h
If You're Behind on Student Loan Payments, Your Wages Could Be Garnished Soon
The Department of Education said it will resume sending defaulted loans to debt collectors. Experts advise taking these steps ...

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