A new report from the U.S. Federal Reserve said that one million student loan borrowers were sent to a debt resolution group, while there were worrying trends seen across the most important areas of ...

For the first time in five years, the federal government is resuming collections on federal student loans that are in default, starting May 5. Students with outstanding loans have several options for ...

In an op-ed Monday, Secretary of Education Linda McMahon explained the Education Department's decision to resume "involuntary collections" of federal student loans that are in default. Within weeks, ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (NerdWallet) – After a five-year suspension ...

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 ...

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. This page includes information about these cards, ...