Borrowers in default should know about three options to return to good standing, along with Trump's repayment plan overhaul.

Student loan borrowers who default on their loans could see 15% of their paychecks docked by the federal government soon.

Summer tends to provide a respite from school. However, due to a couple of recent changes at the Education Department, ...

Millions of borrowers who have defaulted on their student loans are at risk of wage garnishment, which the administration warned may start soon.

How wage garnishment happens. "A garnishment is a judicial mechanism that tells an employer or bank to withhold or direct the finances of a third party to go into the court's trust.

There has been no clear indication of when wage garnishment will start. After the pandemic-era pause on student loan payments ...

A wage garnishment of 15% of your pay would produce an extreme financial hardship, such as being unable to afford your rent or mortgage. You were laid off from work and have been employed in a new ...

As federal student loan repayments start again, many people now face a financial concern: losing part of their pay. After ...

Private student loan wage garnishment: Private student loans can enter default much sooner, "after just one missed payment," but your lender "first must sue you and win a court judgment" before ...

What is wage garnishment? When an employee defaults on debt or gets behind on other financial obligations, their creditors or other interested parties can take action, such as initiating a lawsuit ...

Say you have a weekly pay period and your disposable earnings are $217.50 or less. If $7.25 is the federal minimum wage, the employer cannot legally garnish your wages in this case. But if your ...