Your options to avoid collections when your student loans are in default Staff Personal Finance Editor, Buy Side Valerie Morris is a staff editor at Buy Side and a personal finance expert. Collections ...

The total federal student debt balance is $1.64 trillion, which jumps to $1.77 trillion if you include private loans, according to BestColleges.com. If you have student loans, you’re likely putting ...

Student loan borrowers who haven't paid their debt now face seeing their wages garnished, Social Security benefits reduced, and more as debt collection resumes in 2025. A five-year break that began as ...

Unfortunately, however, depending on financing can lead some small businesses to financial hardship and loan default. As payments are missed and the possibility of default looms, the type of lender, ...

This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face collection activity, including the garnishment of their wages and ...

*Refers to the latest 2 years of stltoday.com stories. Cancel anytime. Dental hygienist Randy Honeycutt’s $65,000 student loan balance has ballooned to more than $200,000 because of back interest and ...

Defaulting on a personal loan will impact your credit, make it harder to borrow in the future and could lead to collection efforts. If the personal loan is secured, you could also lose the asset that ...