Failing to repay your student loans will ultimately cause them to become delinquent and eventually enter default, adversely ...

If you face persistent medical bills, family caregiving costs or other financial hardship, the Education Department wants to cancel your student loan debt. But don't count on it yet. Many ...

The Trump administration last month started garnishing paychecks and Social Security benefits to collect defaulted loans.

It comes as other student-debt relief efforts ... cases where borrowers are experiencing financial hardship that's so severe they struggle to pay their loans, the cost to collect on the debt ...

This round of student debt relief is designed to help students facing serious financial hardship. The proposal would provide automatic relief to borrowers deemed likely to default on their loans ...

Unlike other forms of debt, student loans are not automatically discharged ... and accessible for borrowers with legitimate financial hardship. Additionally, in August 2024, the Department of ...

Canceling student loans for those with financial hardships was first proposed in another debt relief plan, but was reportedly broken off to become a new, separate proposal. President Joe Biden ...

Federal student loan borrowers in default may soon suffer wage garnishments, among other consequences. Taking action now can ...

could qualify for federal student loan forgiveness — but it’s not a done deal yet. The Education Department revealed new details of the financial hardship proposal on Friday, Oct. 25 ...