A record number of student loan borrowers are in delinquency and default. Some are making the drastic decision to leave the country and abandon their loans.
Category: Student Loans
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Some Borrowers Are Moving Abroad and Abandoning Their Student Loans
The New York Times – Business: -
Parents Who Borrowed for Children’s College Face Looming Deadline
The New York Times – Business:New rules mean that parent PLUS loans have to be consolidated into a new loan by June 30 for parents to keep affordable payments. But the deadline is really earlier to allow time for processing.
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Record Number of Student Loan Borrowers Are in Delinquency and Default
The New York Times – Business:Recently released data from the Education Department showed that by the end of last year, 7.7 million borrowers had defaulted on $181 billion in federal student loans.
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Interest in Law School Is Surging. A.I. Makes the Payoff Less Certain.
The number of applicants has risen more than 40 percent over the last two years, despite new limits on student loans and uncertainty over how artificial intelligence will affect legal work.
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Two Ohio Nursing Programs Show What Could Happen as US Limits Student Borrowing
Two different nursing school programs in Ohio offer a glimpse into what may happen when federal student borrowing has limits.
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Your Tax Refund Could Be Taken if You’ve Defaulted on Student Loans: What to Know
Millions of people are at risk of the government’s seizing their refunds to pay what is owed on student loans.
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Big Changes Are Coming to Student Loans. Here’s What to Know if You’re Struggling.
Millions of borrowers who are behind can expect the government to tighten the options in 2026. Experts say take action now to get help.
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More Student Loan Borrowers Are Shedding Debts in Bankruptcy
A new study suggests that distressed borrowers using a simpler bankruptcy process are succeeding — and that more people like them should try.
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Student Loan Borrowers in Default Could See Wages Garnished in Early 2026
Starting the week of Jan. 7, the Dept. of Education will begin sending notices about paycheck deductions to about 1,000 of five million borrowers in default.
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What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
See how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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How Helpful is Niche’s College Cost Comparison Tool?
Niche is the latest company to help families predict what they might pay. If only colleges would do more.
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Trump Rule Could Ban Some Public Servants From Student Loan Forgiveness
A new rule could disqualify certain employers from the Public Service Loan Forgiveness program that are deemed to be engaged in “illegal activities.”