Defaulting on federal student loans, defined as being 270 days past due, can lead to wage garnishment and withheld federal ...

For borrowers with federal student debt, the risk that a chunk of each paycheck could suddenly vanish is no longer theoretical. As collections restart after years of pauses, wage garnishment has ...

The federal government will send roughly 1,000 notices to borrowers who are considered in default after missing student loan payments for at least 270 days.

The Education Department is pausing wage garnishment and Treasury offsets for defaulted federal student loan borrowers as it ...

Add Yahoo as a preferred source to see more of our stories on Google. Millions of student loan borrowers who are 270 days or more past due could soon face the prospect of having up to 15% of their ...

In 2020, the federal government paused collections efforts on defaulted federal student loans, part of pandemic relief efforts. While Congress said payments would start again in 2023, the pause ...

It’s not clear whether the department collected any wages since Jan. 7, the day the administration originally said it would ...

President Donald Trump has ordered a sweeping halt to some of the harshest collection tools used against borrowers who have ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Xavier Lorenzo / Getty Images ...