Student loan defaults surging in wake of COVID-tied payments pause expiration
Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments.
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Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments.
Loan revamp affects how much students and families can borrow to pay for college, as well as their repayment options.
A federal judge just blocked a Trump administration move to limit the amount of federal loans nursing students can borrow, but medical students aren't off the hook yet.
The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.
Current SAVE borrowers will have "limited time" to enroll in a new loan repayment plan and begin repaying their loans, the Education Department said.
Proposed Department of Education rule could deny loan forgiveness to borrowers whose employers are found to be illegally "undermining national security and American values."
The Education Department has temporarily paused loan forgiveness for an income-based repayment plan. Here are the details.
New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.
The Trump administration last month started garnishing paychecks and Social Security benefits to collect defaulted loans.
With the Department of Education this month resuming collections on student loans, millions of Americans are at risk of having their wages garnished.
The U.S. Department of Education is threatening to withhold federal aid to colleges and universities that have high levels of students in default on their student loans.
Collection of defaulted federal student loans has resumed after a five year pause started during the pandemic. Defaulting can now lead to garnishment of state or federal benefits; and garnishment of wages will start this summer.
TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
Jana Heartwood owes more than $40,000 in student loan debt. She says when payments resumed last year, she was not notified and is now struggling to get answers from her loan servicer.
A new proposal from Republican lawmakers would eliminate the popular SAVE repayment plan, which helped lower costs for millions.
Nearly 10 million borrowers could be in default within a few months, according to the department.
Trump administration effort to wind down the Education Department could lead to frustration for millions of student loan borrowers, experts say.
The Department of Education doesn't oversee school curriculums, but it does offer a range of services affecting millions of Americans.
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
The 12-month grace period for student loan borrowers ended Sept. 30. The "on-ramp" period helped borrowers struggling to make payments avoid the risk of defaulting and hurting their credit score.
The Biden administration's flagship student loan relief plan has 8 million participants. Here's what they should know about the Supreme Court's decision.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
The White House is turning to other methods to erase student debt after the Supreme Court blocked its broader effort to forgive loans.
President Joe Biden unveiled a new plan that comes after the Supreme Court ruled against his previous debt-forgiveness program.
This round of Biden's student loan forgiveness proposals targets the interest that adds up over time on student loans.
Five days after an EF-2 tornado tore through Detroit's east side, some businesses are just now getting a clearer picture of what it will take to recover.
A California man is behind bars in Oakland County after police say they connected him to a crime that left a Hazel Park woman scammed out of nearly $300,000.
As summer ends, families are getting ready for a new school year filled with new routines and plenty of excitement.
Patrick Anderson, who survived the attack, hopes local memorials will help people recognize and reflect on one of America's darkest days.
The tariffs come in response to tariffs imposed by the Trump administration last month.
The tariffs come in response to tariffs imposed by the Trump administration last month.
Five days after an EF-2 tornado tore through Detroit's east side, some businesses are just now getting a clearer picture of what it will take to recover.
Thousands of Michigan residents have someone else's face on their newly issued enhanced driver's licenses or state identification cards.
The Mid-American Conference has appealed the outcome of the Michigan-Western Michigan game, asking the NCAA and College Football Playoff administrators to recognize the Broncos as the actual winner.
Patrick Anderson, who survived the attack, hopes local memorials will help people recognize and reflect on one of America's darkest days.
A Ford contract employee was taken to a hospital following an incident on Monday morning at the Michigan Assembly Plant in Wayne, Michigan.
Automotive expert Paul Eisenstein of Autoline TV said the number of vehicles recalled this year has surged.
Woodward Dream Cruise participant Mike Holmes, who showed off a DeLorean at Saturday's event, said the " human interaction is just as much fun as driving the car."
General Motors says 350 workers will be laid off in January at its Lansing Grand River Assembly/Stamping and Lansing Regional Stamping sites.
Ford says the reveal is intended to connect directly with the enthusiasts who have helped make the Woodward Dream Cruise one of the nation's premier automotive events.
The Romeo Peach Festival, which one visitor described as a celebration of "peach everything!" wrapped up on Monday. Here's a look at the food and activities.
Bruce Campbell, an actor and filmmaker widely known for his work in "The Evil Dead" franchise, says his cancer prognosis indicates he has about five years to live.
While performing in St. Louis on Saturday night, Lionel Richie appeared at one point to lean on a piano for support, according to video from the show.
For decades, the Farmington Civic Theatre has often been recognized as a community staple, but since the Covid-19 pandemic, management says attendance has dropped significantly.
Robinette's Apple Haus and Winery in Grand Rapids will open its corn maze season on Sept. 1 with a Dolly Parton theme.
Patrick Anderson, who survived the attack, hopes local memorials will help people recognize and reflect on one of America's darkest days.
The tariffs come in response to tariffs imposed by the Trump administration last month.
The Trump administration asked the Supreme Court to intervene in a lawsuit over the use of a controversial data system to review state voter rolls.
Higher gas and diesel prices have cost Americans an additional $100 billion since the Iran war began, according to a Brown University tracker.
"It's been a year that I hope we never do it again," said Lander Nicodemus, owner of Torrington Livestock Markets, which auctions about 450,000 head of cattle each year.
Trinity Health Corp. expects to permanently lay off 557 workers in Wayne County as part of a restructuring effort.
Detroit's chief public health officer, Ali Abazeed, confirmed in a press conference following Thursday's severe weather that the first human case of West Nile virus has been recorded.
Employer health benefit costs are projected to see the steepest increase next year since 2003. That could mean higher deductions and out-of-pocket costs for workers.
A mosquito species that is new to Michigan is recognizable by its black-and-white striped body. Unlike most mosquitoes, it is active and bites during the day.
The rate of students requesting vaccine exemptions increased from 3.1% in 2015 to 3.4% in 2020, then to 6.2% in 2024, and reached a 12-year high in 2025, according to the latest data.
The Mid-American Conference has appealed the outcome of the Michigan-Western Michigan game, asking the NCAA and College Football Playoff administrators to recognize the Broncos as the actual winner.
Michigan coach Kyle Whittingham says Bryce Underwood has to improve to keep his job as starting quarterback.
Riley Greene had three hits, including a two-run homer, and Kevin McGonigle added a solo shot to lead the Detroit Tigers to a 5-4 victory over the Minnesota Twins.
And to think, Kyle Whittingham said he wanted to put an end to all the drama around Michigan.
The Detroit Tigers lost 3-2 Sunday when Daniel Schneemann singled home rookie Angel Genao in the 10th inning, giving the Cleveland Guardians their third walk-off win of the four-game series.
The Detroit Regional Partnership, which has been around for six years, has been a significant catalyst, helping bring numerous jobs and companies to the region.
The roundtable talks politics, civility and issues that will resonate this fall in various elections.
As we count down the final days of summer, there's still a wee bit of time left to grab a good book as you head to the beach or maybe your backyard.
Rachel Stewart previews the upcoming America's Thanksgiving Parade presented by Gardner White, which will celebrate its 100th anniversary in 2026.
The eyes of the nation were on Michigan as its critical 2026 primary was held last Tuesday.
Michigan Secretary of State and Democratic gubernatorial nominee Jocelyn Benson recently named Michigan Senate Majority Leader Winnie Brinks as her running mate.
Five days after a tornado tore through Detroit’s east side, some businesses are just now getting a clearer picture of what it will take to recover.
Justin Robinson, new president and CEO of Detroit Regional Partnership, talks about his upcoming trade trip to Canada amid tense times between the two nations' top leaders, as well as marketing the 11-county region that makes up the southeast side of the state, on this Sunday's "Michigan Matters."
Hazel Park, Michigan, police say a 30-year-old California man scammed a 70-year-old Hazel Park woman out of over $270,000.
As summer ends, families are getting ready for a new school year filled with new routines and plenty of excitement. But for working moms and dads, it also means finding reliable childcare that fits their busy lives.