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.

Starting Monday, the Education Department will resume reporting defaulted student loans to collections agencies, potentially affecting as many as 5 million borrowers. The Department of Education ...

He also wants the auto loan interest excluded from federal taxation ... “Absolutely this will make buying a car less expensive,” Moreno told The Bee. Democrats and many economists have ...

Personal loans: At the time of applying for personal loans, it is important to check the interest rates charged by different banks – both state and private. On April 9, Reserve Bank of India ...

Republican lawmakers on Monday introduced a proposal to overhaul the nation's student loan system, including eliminating a popular repayment plan that had helped millions save money on their debt ...

Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. Those lower ...

Corrections and clarifications: This story has been updated to reflect that President Donald Trump initially paused student loan payments in March 2020. As May approaches, the federal government ...

It has been more than five years since referrals for collections regarding student loans in default were paused as a form of temporary financial relief during the COVID-19 pandemic. Biden’s ...

Education Secretary Linda McMahon confirmed that collections will soon be enforced on outstanding and defaulted student loans, ending a period of uncertainty and loan forgiveness. But do you even ...

The United States Department of Education announced on April 21 that its Office of Federal Student Aid will resume collections on defaulted federal student loans on May 5. The department has not ...

Defaulted student loan borrowers will need to come up with a plan in the next few weeks as the Trump administration plans to restart involuntary collections for those who have missed payments.

(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 ...