KEY TAKEAWAYS More than 7 million borrowers currently in forbearance under the Saving for a Valuable Education program will ...

Between their credit card balances, mortgages, auto loans, home equity lines of credit and student debt, Americans owe a record $18.2 trillion, according to a new quarterly report on household debt ...

The U.S. Department of Education to start garnishing the wages of millions of student loan borrowers in default for the first time since 2020.

After years of changes to repayment options, borrowers are struggling to stay on top of their loans A relatively small share of student-loan borrowers are making their payments on time, while many ...

People leave the Student Center building on Monday, July 28, 2025, at the Ankeny campus of Des Moines Area Community College in Ankeny, Iowa. With pauses in required student loan repayment ending, ...

Garnishments could include up to 15% of a borrower's wage and also applies to government payments. However, there are still ...

Forbes contributors publish independent expert analyses and insights. Robert Farrington writes about higher education and student loans. CHAPEL HILL, NORTH CAROLINA - JUNE 29: People walk on the ...

Student loan debt hits $1.65T, defaults rise, and wage garnishments loom—learn key impacts on consumer credit and how to ...

The Department of Education resumed collections on defaulted federal student loans on Monday and reminded colleges and universities of their “shared responsibility” to ensure taxpayers aren’t on the ...

Roughly 5.3 million borrowers are in default on their federal student loans, while another 4 million are late in making payments. Federal student loans had not been referred for collection since March ...