KEY TAKEAWAYS The Department of Education is resuming collections on defaulted student loans, starting by garnishing federal ...

Given the number of Michiganders with student loan debt - just over 13% of state residents - and the potential for borrowers in default to be impacted, MLive wants to interview readers who would like ...

President Donald Trump’s administration has announced plans to resume garnishing wages for borrowers who have defaulted on their federal student loans, marking a significant shift in federal student ...

The U.S. Department of Education announced on Monday that it will begin collecting on defaulted student loan payments starting in two weeks.

Defaulted student loan borrowers will need to come up with a plan in the next few weeks as the Trump administration plans to restart involuntary collections for those who have missed payments.

The Trump administration announced Monday it will start the process of collecting on defaulted federal student loans on May 5. The Treasury Offset Program, which collects debts by intercepting ...

Andrew Stanton is a Newsweek weekend reporter based in Maine. His role is reporting on U.S. politics and social issues. Andrew joined Newsweek in 2021 from The Boston Globe. He is a graduate of ...

Private student loan lenders must obtain a court judgment before garnishing wages, and the percentage that can be garnished varies by state law. Options to prevent or stop garnishment Borrowers ...

Unlike private creditors, the IRS doesn't need a court order to start garnishing your paycheck. Once they've sent you the proper notices and deadlines have passed without payment or resolution ...

That said, if a debt collector is garnishing your paycheck, you need to act quickly. The longer you wait, the more money will be taken from your earnings, so make sure to take some or all of the ...

Ultimately, it depends on who’s doing the garnishing. Certain government entities, such as the U.S. Treasury and the Social Security Administration, can garnish your wages for unpaid debts ...