Federal student loan collections resume Monday, ending pandemic-era pause
The Department of Education is urging borrowers in default to start making a monthly payment or enroll in an income-driven repayment plan.
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The Department of Education is urging borrowers in default to start making a monthly payment or enroll in an income-driven repayment plan.
WBZ's Paula Ebben speaks to student loan attorney Adam Minsky about the US resuming its debt collection on loans that in default, including garnishing wages.
The White House is turning to other methods to erase student debt after the Supreme Court blocked its broader effort to forgive loans.
About 78,000 people will receive an email from President Joe Biden telling them that their loans are canceled. Here's what to know.
The Biden administration knows it has a messaging problem when it comes to getting credit for student loan forgiveness.
The Biden administration needs to get the word out about loans that have already been forgiven. WBZ-TV's Jon Keller reports.
Borrowers who took out $12,000 or less in loans and have been in repayment for at least 10 years could get their debt erased.
This latest $4.8 billion in relief brings the grand total of approved debt cancellation by the administration to $132 billion for over 3.6 million Americans.
Attorney General Andrea Campbell and Boston Mayor Michelle Wu hosted a clinic Monday to help federal student loan borrowers access a time-limited opportunity to get closer to Public Service Loan Forgiveness.
The number of people seeking help on the platform to pay student loans has exploded over the last year, the crowdfunding site says.
The Greater Boston Food Bank is seeing an unprecedented need for help.
More Massachusetts residents are facing food insecurity and with relief for federal student loans coming to an end, the Greater Boston Food Bank is seeing more people in need of their services.
The resumption of payments means money that's gone into people's pockets, and the economy, is now going into those payments.
WBZ TV's Chris Tanaka reports.
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
Americans with student loan debt need to begin repaying their loans again after a hiatus of more than three years.
If you have student loans, next month you'll have to make your first payment since 2020. But your interest is already accruing again as of September 1.
Student loan payments are resuming for the first time since 2020, here's what to know about the new SAVE plan and more.
Biden administration officials say the new federal program could cut monthly loan payments for 20 million people.
Recipients include doctors, nurses and social workers.
Some borrowers who had enrolled in income-driven repayment plans will start getting their debt discharged this week.
Only one-third of borrowers are aware that loan repayments will restart in October, a new survey found.
The Department of Education announced Friday that it would right the wrong for more than 800,000 people by honoring their earned student loan forgiveness.
WBZ TV's Brandon Truitt reports.
45 million student loan borrowers must start repaying loans on October 1.
