Jillian Berman

1 week ago | marketwatch.com | Andrew Keshner |Jillian Berman

New data on student-loan delinquencies are breaking a record, according to one analysis. The toughest consequences of late student-loan payments and nonpayments have returned, and many borrowers are buckling — including those who have a track record of paying their bills on time. On Monday, the U.S. Department of Education resumed collections for defaulted loans after a five-year break when payments were paused during the pandemic.

1 week ago | marketwatch.com | Jillian Berman

The Trump administration announced last month that it would resume debt collection on defaulted student loans Monday after a roughly five-year pause. Student-loan borrowers are likely to start feeling the harshest consequences of falling behind on their debt. The Education Department said it’s resuming debt collection on defaulted federal student loans starting Monday.

1 week ago | marketwatch.com | Jillian Berman

Student-loan borrowers are facing uncertainty as policymakers debate major changes to repayment plans. When Clinton Durham heard there was a chance to speak to government officials about his student loans, he knew he had to take advantage. “I was just to the point where I couldn’t let this opportunity be passed up,” he said in an interview.

3 weeks ago | marketwatch.com | Jillian Berman

Borrowers will face harsh consequences for defaulting on their student loans in the coming months, the Trump administration has announced. The Trump administration’s announcement this week that it will restart debt collection on defaulted student loans means some borrowers will feel the consequences as early as next month. Defaulting on a student loan can carry harsh penalties, including having wages, tax refunds or Social Security checks garnished to repay the debt.

3 weeks ago | yahoo.com | Jillian Berman

The Trump administration is turning on some of the harshest consequences for falling behind on student loans. Starting on May 5, the government is restarting debt collection on defaulted student loans. As part of these efforts, the Department of Education is restarting the process that allows for borrowers who are in default on their student loans to have their Social Security benefits and tax refunds offset to repay the debt, the U.S. Education Department announced Monday.