Browsing: default

We’re facing a student loan default crisis. This academic research might help Source link

U.S. President Donald Trump talks to reporters aboard Air Force One, en route to Abu Dhabi, United Arab Emirates, on May 15, 2025.Brian Snyder | ReutersAs…

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…

A person walks on campus at Muhlenberg College in Allentown, Pennsylvania, U.S. March 26, 2025. Hannah Beier | ReutersBorrowers face plan changes, long waits for helpCollection activity…

After a five-year suspension that began in March 2020, the Trump administration is turning the student loan default collections machine back on. Millions of borrowers with…

After a five-year pause, the U.S. Department of Education is resuming collections on federal student loans that are in default. Starting May 5, 2025, borrowers who…

What happens if you default on a business loan? Source link

Mementojpeg | Moment | Getty ImagesBorrowers should ‘not let it get this far’Borrowers should receive numerous notices from their student loan servicers before they go into…