Trump administration officials are worried that the federal student loan portfolio is "headed toward a fiscal cliff if we don ...

Borrowers who are behind risk having their wages garnished. Here's what the experts recommend to do right now.

The DOE's Federal Student Aid office will begin collecting the debts on May 5, which could include taking the money out of ...

Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of defaulting.

Millions of borrowers in default on their student loans also could have their tax refunds and Social Security benefits ...

The Education Department will begin collection next month on student loans that are in default, including the garnishing of ...

Student borrowers with outstanding loans that are not being paid back "will face significant drops in credit score once delinquencies appear on credit reports in the first half of 2025." ...

For medical school graduates and others with large amounts of student loan debt, Laurel Road allows borrowers to refinance up to 100% of their outstanding loans. However, those with associate ...

She said she has no plan in place to pay off her debt after graduation. Private student loans, or PSLs, account for 15 percent of the country’s $165 billion outstanding student loan debt despite being ...

Paying Off Student Loans vs. Investing ... Investment Returns When you have outstanding debt, you're essentially losing money thanks to interest. This is because unpaid interest gets added ...

Student loan debt can be a major financial burden. As of the fourth quarter of 2023, Americans owe $1.6 trillion in outstanding student debt, according to the Federal Reserve Bank of New York.

Current interest rate Outstanding loan balance Repayment term New interest rate New term Understand that refinancing student loans to drop your monthly payment can increase your lifetime costs if ...