New data shows a growing problem with federal student loans. Millions of borrowers are at risk, at serious risk, of defaulting. NPR's Cory Turner explains. CORY TURNER, BYLINE: Every three months, the ...

LOWCOUNTRY, S.C. (WCIV) — This week, the US Department of Education restarted collection efforts for millions of Americans who have defaulted student loans. This may have an effect on some people's ...

Currently, roughly 5.3 million borrowers are in default on their federal student loans. Referrals for collection had been put on hold since March 2020. The U.S. Department of Education building is ...

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 ...

It has been more than five years since referrals for collections regarding student loans in default were paused as a form of temporary financial relief during the COVID-19 pandemic. Biden’s ...

NEW ORLEANS — Federal student loans in default will be referred for collections beginning May 5, marking a shift that could bring significant financial consequences for borrowers, including wage ...

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 ...

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 student ...

The Reserve Bank of India (RBI) issued a new Expected Credit Loss (ECL) draft, marking a turning point for Indian banks. Effective from April 2027, the ECL regime will require banks to provision for ...

When a car accident nearly killed Davina Rush’s son three years ago, forcing her to leave her job and become his full-time caregiver, she stopped paying her $49,000 in student loan debt. Now, the ...

NEW YORK (AP) — The federal Department of Education is cracking down on student loan debt, announcing this week it will resume collecting defaulted federal student loan payments starting May 5. It’ll ...

Millions of student loan borrowers in default will start receiving notices on Monday that they are being put into collections. The move comes after the Department of Education said last month that it ...