Student loan debt and delinquency for ages 35-49: How your balances compare nationally

Key Takeaways Student loan borrowers ages 35 to 49 have the second-highest average balance of any age group, at more than $45 ...

Default on Federal Student Loans and the Government Can Take Up to 15% of Your Social Security Check

Carrying federal student loan debt into retirement can put more at risk than just your credit score, and many older borrowers ...

Student Loan Default Explained: How the Government Can Garnish Your Wages & Social Security

Mark Kantrowitz breaks down the real consequences of unpaid student loans—and how to safeguard your financial future.

Student Loan Giant Accused Of ‘Stunning Error’ As Senators Open Investigation

Leading Democratic senators are demanding answers from student loan giant MOHELA after the servicer allegedly hit many ...

Proposed Senate Bill Would Block Garnishment of Social Security Checks Over Defaulted Student Loans

The bill, introduced by Sen. Bernie Sanders (I-Vt.) and cosponsored by Sens. Elizabeth Warren (D-Mass.) and Ed Markey (D-Mass.), would stop the garnishment of Social Security benefits for defaulted ...
nasfaa

ED Announces New Initiative Aimed at Supporting Institutions With Student Loan Default

As part of the Trump administration’s broader efforts to reduce and prevent student loan default, the Department of Education (ED) via a Dear Colleague Letter (DCL) on Wednesday announced a new ...

Student Loan Statute of Limitations: What to Know

The statute of limitations on your private student loan varies by state and can range from three to 10 years. Six years is ...