CNBC spoke with some of the student loan borrowers in default who are bracing for the consequences of wage garnishments and ...

The Department of Education and the Treasury Department are resuming collections for about five million defaulted student ...

The Massachusetts congresswoman said cutting people’s wages to pay back student loans is “cruel” — especially at a time of ...

Millions of student-loan borrowers in default are at risk of wage garnishment this summer if they don't make payment plans.

After a five-year pause prompted by the COVID-19 pandemic, the federal government has resumed debt collection efforts on ...

The Trump administration is set to garnish the wages of the 5.3 million federal student loan borrowers in default in just a ...

According to the U.S. Department of Education, approximately 5.3 million borrowers currently in default on their federal ...

"If there is no employer, wage garnishment can't happen," he said. Borrowers in default will receive a 30-day notice before their wages are garnished, a spokesperson for the Education Department ...

The Department of Education said all borrowers in default would receive emails from Federal Student Aid informing them of the developments and urging them to contact the department's Draft Resolution ...

Once a federal student loan is in default, Ellywicz said, servicers can start the process of wage garnishment. The Education Department is not going to need to take any legal action before taking ...

Wage garnishment for defaulted student loans has officially resumed. Here’s who’s at risk, how it works, and what borrowers ...

If your loans are in default and you received a letter that your account will be transferred to collections, here's what to ...