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He echoed Cooper’s point that borrowers in default had “had a number of opportunities in the past…to get out of default.” ...
This collections cliff arrives after a ... student loan debt collection. Student loan delinquency rates spiked once monthly payments resumed — one analysis found roughly 9 million borrowers ...
The analysis looks at the percentage of student loan borrowers at risk of default and the impact that has on their credit scores. Those in default face an uphill battle: Failing to make a payment ...
About 4 million, or roughly one in five, federal student loan borrowers with a payment due are seriously delinquent, according to a new analysis published Monday by TransUnion. Research from the ...
Over 2.2 million borrowers saw 100+ point credit score drops due to resumed student loan payments. More than 1 million Americans lost 150+ points, often enough to derail access to housing ...
The analysis looks at the percentage of student loan borrowers at risk of default and the impact that has on their credit scores. Those in default face an uphill battle: Failing to make a payment ...
The Department of Education announced Monday that it will resume collections on student loan debt next month, including by garnishing the wages of borrowers in default. Collections, which have ...
Student loan delinquencies spiked in the first few months of this year after a pandemic-era pause in reporting late payments ended, the New York Federal Reserve reported Tuesday in its quarterly ...
The toughest consequences of late student-loan payments and nonpayments have returned, and many borrowers are buckling — including those who have a track record of paying their bills on time.
Beginning next month, the Education Department will resume withholding money from tax refunds and Social Security benefits to pay down the debt of people in default on their student loans ...