Browsing: default

What happens if you default on a personal loan — and how do you prevent it? Source link

5 million federal student loan borrowers are in default. Here’s how to avoid joining them Source link

With the U.S. Department of Education’s “involuntary collections” on federal student loans now underway, millions of borrowers face a “default cliff,” reports show.A new analysis by TransUnion found that…

Stephen Covey, the author of The 7 Habits of Highly Effective People, tells a story that’s as instructive as it is unsettling. On a New York…

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…