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Offsetting Social Security benefits to pay for defaulted student loans can be devastating for some beneficiaries, lawmakers say.
The number of borrowers delinquent on their student debt and at risk for entering default continues to climb, new reports show.
The Education Department says millions of borrowers in default will have a chance to make a payment or sign up for a repayment plan. But on May 5, those who don't will be referred for collection.
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 ...
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.
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.
Advocacy organizations and student loan experts have warned of a coming " default cliff " for millions of borrowers who are already behind on payments. The last of the pandemic-era safeguards ...