Danielle Arnone, a Utah mother of two, has seen her credit score plunge 150 points this year because she and her husband were unable to keep up with the cost of living and pay back their federal student loans at the same time. “It was shocking — made us sick to our stomachs,” she told
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Student loan debt is a major crisis in the United States that, unfortunately, doesn’t appear to be going away anytime soon. While repayment options are available, they’re still incredibly unaffordable for many people, leaving them unable to pay or desperately searching for alternative options. Mirjana Pusicic / Getty Images Recently, a TikTok user by the
Student loan debt is a major crisis in the United States that, unfortunately, doesn’t appear to be going away anytime soon. While repayment options are available, they’re still incredibly unaffordable for many people, leaving them unable to pay or desperately searching for alternative options. Mirjana Pusicic / Getty Images Recently, a TikTok user by the
It’s been about five years since the Biden Administration paused college loan repayments. Last month, President Donald Trump announced collections would resume beginning May 5. According to the Department of Education, more than 5 million borrowers have not made a payment in more than 360 days. This number could double to 10 million in just
NEW YORK (AP) — Between collections resuming, courts blocking student loan programs and layoffs at the Education Department, borrowers might be confused about the status of their student loans. Recently, the Education Department announced it would start involuntary collections on defaulted loans, meaning the roughly 5.3 million borrowers who are in default could have their
Trump administration begins sending default student loans to collections Starting Monday, the Education Department will resume reporting defaulted student loans to collections agencies, potentially affecting as many as 5 million borrowers. Updated: 5:20 AM CDT May 5, 2025 Washington Bureau Reporter The Department of Education will begin reporting defaulted student loans to collections agencies starting
WASHINGTON, DC – JANUARY 20: President Donald Trump signs executive orders in the Oval Office of the … More White House on January 20, 2025 in Washington, DC. Trump takes office for his second term as the 47th president of the United States. (Photo by Anna Moneymaker/Getty Images) Getty Images Trump Executive Order On College
In less than two weeks, the U.S. Department of Education will resume collecting student loans in default and that means millions of borrowers will have to start making payments or risk having their wages garnished. After years of paused student loan payments, millions of borrowers are still struggling to restart repayment, and some, like Conrad
Federal student loan borrowers have endured five years of chaotic changes as various relief programs started, stopped and shifted. But the return to “normal” may be the messiest change of all. Payments formally resumed in October 2023, though former President Joe Biden and his administration paused repayment for certain types of loans for most of