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Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of defaulting.
Millions of borrowers in default will face wage garnishment and withheld government payments, intensifying financial strain.
The Department of Education announced it will restart collections on defaulted federal student loans on May 5. The Department ...
For the first time in five years, Trump is resuming collections for defaulted student-loan borrowers on May 5.
The move follows the expiration of payment pauses and grace periods that began under former President Biden's administration.
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Deferring a personal loan payment can relieve financial stress for a month or two, but the total cost could go up. Many, or all, of the products featured on this page are from our advertising ...
Consumers who have student loan payments at least 90 days past due should expect an impact on their credit, if they haven't seen one already. Missed payments can remain on a borrower's credit ...
More than 9 million borrowers could see lower credit scores There was a COVID-era pause on student loan payments Credit scores could be impacted by as much as 150 points More than nine million ...
For many student loan borrowers, income-driven repayment (IDR) plans can make monthly payments much more manageable. Rather than simply divvying up the total owed across the loan term, IDR plans ...
Buy now, pay later (BNPL) loans can now show up on your credit report. On Tuesday, BNPL lender Affirm began sending information on all its short-term lending products — including its ...
Credit investor Clear Haven Capital Management is backing fertility financing company Future Family with $400 million to support loans for those looking to start a family. Future Family is part of ...