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Student Loan Debt
Senate Bill Overhauls Student Loan Repayment: Trump-Backed Plan Targets Income-Driven Programs
A sweeping new bill in the U.S. Senate could reshape how millions of Americans repay their federal student loans, overhauling key provisions of existing income-driven repayment (IDR) plans. Backed by President Donald Trump and led ... more
How to Enroll in Fresh Start Before Garnishments Hits Your Social Security
If you’re worried about student loan garnishment cutting into your Social Security check, there’s still time to stop it—but only if you act now. The federal government’s Fresh Start initiative gives borrowers a one-time chance ... more
Social Security Student Loan Garnishment: Will Checks Be Affected in July?
As student loan collections continue to ramp up in 2025, thousands of older Americans are asking: Could my Social Security check be garnished in July for unpaid student loans? The short answer: Yes — but ... more
Student loans and home buying: How debt impacts your mortgage chances in 2025
With student loan payments now fully resumed, millions of Americans are wondering whether their debt could block them from buying a home. The short answer? Not necessarily—but it will impact how much you can borrow, ... more
Social Security Checks Safe From Student Loan Garnishment, For Now
The government has stopped taking Social Security benefits to repay student loans. This move gives temporary relief to hundreds of thousands of retirees. Many older Americans feared losing a part of their income. The Department ... more
Social Security 15% Payment Cuts Begin — Here’s How To Legally Avoid It
A significant shift in how the federal government handles Social Security payments will take effect this summer — and for many retirees, it could mean unexpected reductions in their monthly checks. The Treasury Department is ... more
Student loan forgiveness update: GOP moves to cut key programs
Millions of borrowers could soon lose access to popular student loan forgiveness programs. Republican lawmakers, the Department of Education, and the Trump administration are pushing plans to eliminate several major debt relief options. Here’s the ... more
STUDENT LOANS: How to avoid wage garnishment as collections restart in 2025
The federal government has resumed collections on defaulted student loans, and nearly 200,000 borrowers could soon see wage garnishment, tax refund seizures, and even Social Security offsets. After a five-year pause, aggressive collection actions are ... more
Student loan collections resume Monday: What defaulted borrowers must know
After a years-long pause, the federal government will restart student loan collections beginning May 5, 2025. Over five million Americans who are currently in default could be impacted. Borrowers who have missed payments for more ... more
Student loan collections resume Monday: Scams are surging
Millions of Americans with federal student loans could face serious consequences starting May 5, 2025, as the U.S. Department of Education restarts involuntary debt collections for the first time in five years. The resumption means ... more
Student loan collections restart May 5: What defaulted borrowers must know
The U.S. Department of Education will restart collections for defaulted student loans on May 5, ending a pandemic-era pause that shielded millions of borrowers from wage garnishments and damaged credit scores. More than 5 million ... more
GOP student loan overhaul sparks fierce backlash
House Republicans unveiled a sweeping bill to overhaul college financial aid, slashing student loan benefits and tightening Pell Grant eligibility, according to legislation introduced April 28. The 100-page proposal would raise course-load requirements for Pell ... more
Student loan collections resume: What defaulted borrowers must know
Student loan collections have officially resumed in the United States, ending a five-year pandemic-era pause. For borrowers in default, this means the risk of wage garnishment, tax refund seizure, and Social Security offsets is back—and ... more
Student loan collections resume May 5: What happens if you don’t pay?
Federal student loan debt collections will resume on May 5, 2025, ending a years-long pause that began at the start of the COVID-19 pandemic. Borrowers who fail to repay defaulted loans could face serious financial ... more
Federal student loan collections resume May 5: Who’s at risk and what to do now
The U.S. Department of Education will restart collections on defaulted federal student loans beginning May 5, 2025, ending a pandemic-era pause that lasted more than four years. For millions of borrowers, this could mean wage ... more
Trump limits Public Service Loan Forgiveness for activists, expands focus on essential workers
President Donald Trump signed an executive order Friday restricting eligibility for the Public Service Loan Forgiveness (PSLF) program, aiming to prevent federal student debt relief from benefiting individuals and organizations engaged in what the administration ... more
Student loan borrowers urged to safeguard records amid uncertainty
President Trump’s plan to dismantle the Education Department has raised concerns, especially after reports that Elon Musk’s Department of Government Efficiency (DOGE) team accessed federal student aid data. However, experts say borrowers should continue making ... more
Lawmakers seek to protect seniors from Social Security cuts due to student loan debt
A significant number of older Americans are seeing their Social Security benefits reduced because of defaulted student loan payments, a practice that Democratic lawmakers, led by Senator Elizabeth Warren, are seeking to end. In a ... more
Student loan debt forgiveness application preview shared by White House
The White House shared a preview of what the application would look like for the student loan debt forgiveness. The application is expected to be released later this month. The preview was shown in a ... more
