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Latest in Loans & Lending

Loans & Lending

Student loan garnishment still on hold — 5.5 million defaulted borrowers have a window to act before July

If you’re among the roughly 5.5 million Americans whose federal student loans are in default, the government already has the authority to take up to...

Loans & Lending

Student loan wage garnishment delayed again — Education Dept pauses collections for repayment reform

For the second time in less than a year, the U.S. Department of Education has suspended involuntary collections on defaulted federal student loans, halting wage...

Loans & Lending

Education Dept delays student loan wage garnishment — 5.3 million defaulted borrowers get a reprieve

A borrower earning $40,000 a year with defaulted federal student loans could lose up to $230 per paycheck to wage garnishment, with no court order...

Loans & Lending

How to get out of student loan default in 2026: consolidation vs. rehabilitation, step by step

More than 5 million federal student loan borrowers were in default heading into 2026, according to Federal Student Aid data. For years, pandemic-era pauses shielded...

Loans & Lending

Wage garnishment for defaulted student loans just got delayed — here’s what the Education Department’s pause means for 5.5M borrowers

About 5.3 million Americans with defaulted federal student loans were bracing for the government to start docking their paychecks and seizing their tax refunds. Then,...

Loans & Lending

Student loan wage-garnishment pause gives borrowers a reprieve — but only if they act now

A borrower earning $40,000 a year stands to lose roughly $350 a month once the federal government resumes garnishing wages on defaulted student loans. For...