student loans - Viral Buzz News

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ECU students react to Department of Education plan to garnish wages of student loan borrowers in default

admin1 month ago05 mins

GREENVILLE, N.C. (WITN) – Starting on May 5th, the Department of Education will begin the involuntary collection of student loan payments that are in default. Student loan defaulters are those who have missed loan payments typically after the span of 270 days. All borrowers in default will receive email notifications from the Federal Student Aid…

Will your student loans be sent to collection? What to know about Education Department changes

admin2 months ago011 mins

(NEXSTAR) — If you haven’t been making payments on your federal student loans, you could soon find yourself sent to collection with your wages garnished following the return of a Department of Education program. The department announced Monday that it would restart collections in two weeks , on May 5, a process that has been…

Your student loan could go to collections Here’s how to prepare

admin2 months ago05 mins

The reactivation of collections on defaulted federal student loans by the U.S. Department of Education marks a significant shift in policy. This change, effective from May 5, 2025, impacts a substantial number of borrowers. Before the pandemic, 5.3 million borrowers were already in default, and many more are now at risk. The pause on collections,…