Pandemic Pause to Debt Forgiveness Promise to Garnished Wages: How Student Loan Policy Shifted

Pandemic pause to debt forgiveness promise to garnished wages: How student loan policy shifted

While not all solidified yet, recent federal changes will likely impact some of Michigan’s nearly 1.34 million student loan borrowers, who combined have $50.8 billion in collective debt.

Three million Aussies about to be hit by $2.5 billion debt increase

Three million Australians with outstanding student loans will receive a more than $2.5 billion debt increase when the annual indexation is applied on June 1.The Albanese government had promised to reduce student loans by 20 per cent before indexation is applied this year, but the legislation required has not reached parliament as sitting does not recommence until July.Until that happens, those with student loans will receive a 3.2 per cent ind…

Millions of student loan borrowers see steep drops in credit scores with missed payments

Millions of Americans are seeing dramatic declines in their credit scores from falling behind on student loan payments, making it more expensive to get a loan.

Student loan borrowers face turmoil, as collection push begins

The federal government could soon garnish wages or seize tax refunds of delinquent student loan borrowers. At the same time, Education Department staff cuts, reduced repayment options, and administrative slowdowns are causing confusion.