Federal student loan borrowers in default may soon suffer wage garnishments, among other consequences. Taking action now can help prevent your funds from being withheld.

Student debt rules are shifting again. Here's what borrowers need to know about collections, repayment, and forgiveness in ...

According to the U.S. Department of Education, approximately 5.3 million borrowers currently in default on their federal student loans will face wage garnishment "later this summer." This marks a ...

"If there is no employer, wage garnishment can't happen," he said. Borrowers in default will receive a 30-day notice before their wages are garnished, a spokesperson for the Education Department ...

LPL's Roach sees this as less of an issue. He said the postpandemic economy has largely been propped up by high-income ...