Collections on millions of student loans risk slowing the economy, experts say

In all, some 42 million borrowers owe more than $1.6 trillion in student debt, according to the DOE. If the borrowers currently in late-stage delinquency were to default on their own loans, it would ... Read More

USC researcher sheds light on how student loan repayments affect economy

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 so ... Read More

'Not going to be good': Student borrower repayments risk damage, experts say

Here's why. If the economy ... student loan repayments comes as surveys show sour consumer sentiment in the face of potentially rising inflation and slowing growth. The debt collections could ... Read More

As student loan collection resumes following four-year pause, local borrowers say system is broken

The federal government is resuming collections on defaulted student loans after a more than four-year pause that began during the COVID-19 pandemic, and the effects of the decision are being felt ... Read More

Education Department Will Resume Collections on Student Loan Debt

In an announcement this week, the department warned that millions of borrowers could ... does this mean for the economy? Because of the coronavirus-era pause on student loan repayments, many ... Read More

Trump will revive penalties for student-loan borrowers who are behind on payments. Here's what to expect.

Trump is restarting collections on defaulted student-loan balances in two weeks. It could impact federal benefits, like Social Security, and wages. Read More

Collections on defaulted student loans may affect millions of people's credit scores

President Donald Trump's administration is set to begin collecting defaulted student loan payments next week -- which could harm the credit scores of millions of borrowers. Roughly 5 million borrowers ... Read More

Trump's student loan plans are an anti-stimulus for a struggling economy

As President Donald Trump’s reckless tariff policies upend the global economy ... number could grow to as many as 10 million over the next few months. The burden of student loan debt also ... Read More

Defaulted student loan payment collections to resume May 5. Here's what you need to know

Roughly 38% of borrowers are in repayment and current on their student loans, the department said. As the COVID-19 pandemic left the economy in limbo in March 2020, the federal government paused ... Read More