Student loan panic: 5.3 million borrowers could face wage garnishment starting May 5
Read full article: Student loan panic: 5.3 million borrowers could face wage garnishment starting May 5Millions of Americans are at risk of having their wages garnished as the federal government resumes collections on defaulted student loans.
Federal government launches new website to help people save on their student loans
Read full article: Federal government launches new website to help people save on their student loansUnder the new plan, income and family size will determine the payments for current and future federal student loan borrowers with some payments dropping to zero dollars per month.
Education Department announces student loan forgiveness for 800,000 borrowers
Read full article: Education Department announces student loan forgiveness for 800,000 borrowersThe action is a result of what the department calls a “fix” to income-driven repayment plans. It’s expected to provide $39 billion in federal student loan forgiveness.
Student loan debt forgiveness: What borrowers need to know as US Dept. of Education launches application in ‘beta mode’
Read full article: Student loan debt forgiveness: What borrowers need to know as US Dept. of Education launches application in ‘beta mode’The U.S. Department of Education launched the application process for those seeking student loan forgiveness in ‘beta mode’ as of Friday night, multiple reports say.