Borrowers could see more aggressive debt collection as well as delays and confusion during the transition, experts say.
The U.S. departments of Education and Treasury entered into an agreement to recoup nearly $1.7 trillion in student loans to mitigate a “long history of mismanagement, particularly during the Biden ...
The Trump administration’s move would mark the first step in transferring the student loan portfolio to Treasury and the latest action to dismantle the Education Department.
Federal student loan debt has resumed growth, reaching nearly $1.7 trillion and affecting 42.8 million Americans with an ...
TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
The Education Department will start sending out notices to about 1000 borrowers beginning the week of January 7th, with more notices set to go out each month after that. Right now, millions of student ...
In a sign of the Trump administration’s continued efforts to shutter the Department of Education, the agency is apparently pursuing selling off its $1.7-trillion student-loan portfolio to private ...
Only defaulted federal student loans put your tax refund at risk, not delinquent or private student loans. You have 65 days from the notice to stop it with payment arrangements or a valid objection.
As Trump's federal student-loan changes push more students toward private loans, borrowers face a maze of confusing rules, ...