107,000 Massachusetts federal student loan borrowers are in default and need to repay their loans or face serious consequences such as having their paycheck garnished.

A new report finds these advisers too often encourage borrowers to temporarily postpone payments to avoid default, rather than enroll in plans that would manage their debt long-term — a strategy ...

More than 450,000 borrowers in that age group are in default on their federal student loans and likely to be receiving Social Security benefits, the Consumer Financial Protection Bureau found.

Borrowers who have defaulted on their federal student loans will no longer be at risk of having their Social Security benefits garnished, an Education Department spokesperson said Tuesday.