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6 days ago | 
cnet.com | Courtney Johnston
Student loan policy has experienced extreme shifts in the past few years, and we may not have seen the last of these changes yet. In the past four months we've witnessed the end of the Saving on a Valuable Education (SAVE) income-driven repayment plan, and borrowers with defaulted student loan balances now face wage garnishment.
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1 week ago | 
cnet.com | Courtney Johnston
What's going on with student loans? It's a question that's difficult to pin down when the answers seem to shift every week. As a reporter who's covered student loans since the beginning of the pandemic, and a borrower myself, it's a topic I'm dialed in on, and even I'm finding it hard to keep track of all the changes.
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1 week ago | 
cnet.com | Courtney Johnston
All of the confusion surrounding higher student loan payments and wage garnishment has experts warning borrowers to beware of scammers preying on your desperation. Elaine Rubin, a student loan policy expert, says borrowers should be on high alert for student loan scams offering to lower their payments, get their debt canceled or make sure their wages aren't garnished.
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1 week ago | 
cnet.com | Courtney Johnston
The Department of Education is resuming collection efforts on defaulted student loans starting on Monday. If you're more than 9 months behind on your student loan payments, that means your wages could be garnished as soon as this summer. It may sound scary, but wage garnishment to pay off a debt isn't new. Currently, some Americans have their wages garnished to pay back taxes, child support and other debt, including student loans.
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1 week ago | 
cnet.com | Courtney Johnston
Why You Can Trust CNET Money The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners. Review CNET's ethics statement.
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2 weeks ago | 
cnet.com | Courtney Johnston
Why You Can Trust CNET Money The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners. Review CNET's ethics statement.
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2 weeks ago | 
cnet.com | Courtney Johnston
Why You Can Trust CNET Money The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners. Review CNET's ethics statement.
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2 weeks ago | 
finance.yahoo.com | Courtney Johnston
Unlock stock picks and a broker-level newsfeed that powers Wall Street. Courtney Johnston Wed, Apr 30, 2025, 10:49 AM 7 min read Viva Tung/CNET If your student loans are in default, the Department of Education could start garnishing your wages as soon as this summer. It may sound scary, but wage garnishment to pay off a debt isn't new. Currently, some Americans have their wages garnished to pay back taxes, child support and other debt, including student loans.
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1 month ago | 
cnet.com | Courtney Johnston
The Department of Education has reopened applications for income-driven repayment plans, offering a little relief to student loan borrowers who've been in limbo for the past month. IDR plans are student loan repayment programs that cap monthly payments based on a percentage of the borrower's income. It's been an alternative option for borrowers enrolled in the Saving on a Valuable Education plan, which has been on hold for months facing legal challenges.
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1 month ago | 
cnet.com | Courtney Johnston
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