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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.” Ricci’s group is “concerned” but noted there is a “lag time” with collections ...
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 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.
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 ...
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 ...
As of Monday, the U.S. Department of Education is restarting "involuntary collections" on federal student loans that are in default, which may seriously damage the credit scores of millions of ...
the extended lapse has prompted Trump administration officials to worry that the federal student loan portfolio is "headed toward a fiscal cliff if we don't start repayment in collections ...