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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 garnishment resumes today across U.S.
Millions of older Americans are once again at risk of having their Social Security benefits garnished as the federal government resumes collections on defaulted student loans. Loan collections restart after pandemic pause The Department of ... more
Interest in college remains high despite student loan crisis
A new national survey finds that U.S. adults continue to value higher education, but student loan debt and financial concerns remain significant barriers to enrollment and completion. The 2025 Lumina Foundation-Gallup State of Higher Education ... more
Student loans and Chapter 13: What bankruptcy can and can’t erase
Filing for Chapter 13 bankruptcy may give struggling borrowers a lifeline—but when it comes to student loans, relief is limited. Here’s what every borrower should understand about how bankruptcy interacts with education debt. Chapter 13 ... 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: 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 UPDATE: Trump moves to shut down Department of Education
Trump to Sign Executive Order to Eliminate Department of Education President Donald Trump is set to sign an executive order on Thursday directing the shutdown of the U.S. Department of Education, a move that aligns ... more
Student Debt Cancelation: Biden’s New Plan For Wiping Out Mass Student Loans
President Joe Biden, aiming to fulfill a key campaign promise, unveiled a new proposal in Wisconsin aimed at canceling student debt for over 30 million Americans. This move comes after the Supreme Court blocked his ... more
SAVE Plan revolutionizes student loan repayment: How much student debt does each generation have?
Student Loan Borrowers Get Fresh Start In a monumental move since its launch in August, the SAVE plan has attracted over 75 million student loan borrowers, offering a beacon of hope for manageable debt repayment ... more
PSLF Program: Who qualifies for public service student loan forgiveness in 2024?
Erase Your Student Loans: How Public Service Can Clear Your Debt Graduating with a higher education degree opens doors to better job opportunities but often comes with the heavy burden of student loans. However, there's ... more
Student Debt 2024: When are loans being forgiven? What is the SAVE plan?
The U.S. has ushered in a groundbreaking change for student loan borrowers through the SAVE plan, which President Joe Biden announced has already led to the cancellation of loans for nearly 153,000 participants. This initiative, ... more
Student loans and paying rent
Students often take out student loans because they can't afford to pay for school out of pocket. Can you pay rent with student loans? Rent is an expensive piece of college for students if they ... more
Will I need to pay taxes for my student loans that received debt forgiveness?
Some people may be free of paying taxes on their student loans that were forgiven. Others will not be, depending on where they live. President Joe Biden recently unveiled the new student loan forgiveness plan ... more
New guidance changes student loan forgiveness; two types of student loans aren’t eligible anymore
The Department of Education is working hard to prepare for the student loan forgiveness plan. Changes are being made to eligibility requirements though. It was announced on Thursday that there will be some major changes ... more
Student Loans: Everything to know about Biden’s plan and why many fear this will worsen inflation
Student loans are something that burden millions of Americans with a college education, and new plans worry some due to inflation. Biden recently announced his new plan to help student borrowers who face debt following ... more
Student loan payments: When will they resume?
The moratorium on student loan repayments is set to expire on August 31, 2022. After more than two years of paused payments, federal loan payments will resume September 1, 2022. Direct payments: Nine payments worth ... more
