The Social Security Administration is set to implement new withholdings on benefits for thousands of Americans in default on ...

The pause impacts millions seeking relief under one of the last remaining federal income-driven repayment options not blocked by legal challenges.

Trump administration tightened student loan debt policies About 195,000 borrowers who haven't paid their student loan bills for at least nine months received a 30-day official notice the week of ...

Student loan debt collections resumed for 1st time since COVID In May, the Education Department resumed involuntary collections on defaulted federal student loans for the first time since March 2020.

Student Loan Debt. Student loan borrowers lead chants in protest outside of the Department of Education on Wednesday, Dec. 4, 2024. Credit: Joy Asico-Smith/AP Content Services for The Debt Collective ...

And their Social Security benefits reduced. Of the 5.3 million borrowers, an estimated 425,000 are 62 years old or older, according to the Consumer Financial Protection Bureau. Here's what you can do.

According to the United States Department of Education's Office of Federal Student Aid (FSA), the total amount of outstanding student loan debt has surpassed $1.6 trillion, through March 2025. 2 ...

Annual debt for medical students enrolled at these schools between 2019-20 and 2022-23 ...

The Urban Institute reports that as of August 2022, about 6% of Americans ages 50 and over had student debt. That amounts to roughly 7.2 million in this age group. Meanwhile, as of 2022, the ...

The resumption of federal student loan collection efforts has created a financial crisis affecting millions of American borrowers, with only 38% maintaining current payment status as of late April.

Obama also floated the possibility of proposing legal changes to how student loans are affected by bankruptcy. Currently, student loans cannot typically be discharged even in bankruptcy. His memo also ...