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.
At a Detroit NAACP forum, Kamala Harris pushed for a big Democratic turnout for Senate candidate Abdul El-Sayed, warning: "We've got to be too big to rig."
At least one person is seriously injured after a motorcycle crash early Wednesday on I-696, Michigan State Police said.
The Mackinac Bridge connecting Michigan's two peninsulas was closed for hours in both directions after a serious crash early on Wednesday.
U.S. and Iranian delegations met on the sidelines of the U.N. General Assembly, rekindling diplomacy amid Trump's threat to "annihilate" the regime.
School board members discussed a potential new policy that would ban transgender women from women's sports and locker rooms.
At least one person is seriously injured after a motorcycle crash early Wednesday on I-696, Michigan State Police said.
School board members discussed a potential new policy that would ban transgender women from women's sports and locker rooms.
The Mackinac Bridge connecting Michigan's two peninsulas was closed for hours in both directions after a serious crash early on Wednesday.
A 13-year-old boy who was previously arrested twice in connection with a string of car thefts targeting Oakland County businesses has been arrested again for the same crime.
Police officers and chaplains with the Detroit Police Department were observed going door-to-door at each business to speak with managers about their concerns.
Tony Stewart Racing unveiled a special Dodge livery on Tuesday at Stellantis' North America headquarters in Auburn Hills, Michigan.
The spike in prices has also sparked differing opinions among drivers about who's to blame.
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."
Nike-owned Converse acknowledged that an ad for its Chuck Taylor sneaker is "deeply upsetting."
Presley Gerber, the son of Cindy Crawford and Rande Gerber, has died at 27, a family spokesperson has confirmed.
If you're looking for sunshine in Metro Detroit, Friday is the day to seek it out.
Stevie Wonder's shows at the Fox Theatre sold out, with some tickets listed for thousands of dollars. That's raising questions about what Michigan's "Taylor Swift" ticket law actually protects fans from.
The list of 50 restaurants is made from a team of 16 scouters who travel the country and try food at all kinds of places, according to the NYT.
At a Detroit NAACP forum, Kamala Harris pushed for a big Democratic turnout for Senate candidate Abdul El-Sayed, warning: "We've got to be too big to rig."
The former vice president joined Michigan's Senate nominee at Birth Detroit, telling advocates she has "a right" to speak on maternal health after her time in the Senate.
Some lawmakers want to halt U.S. diesel exports as prices top $6.50 a gallon. But such a ban could have unintended consequences, experts say.
The claims window is open until Dec. 21, 2026. To file a claim, iPhone users must enter basic personal info and their iPhone's serial number.
The U.S., Denmark and Greenland signed a new security agreement bolstering the United States' military and security presence on the island.
More than 100 volunteers gathered on Monday to distribute fresh food and Alzheimer's education resources to seniors in Oakland County in recognition of World Alzheimer's Day.
Thursday marks one year since Michigan Medicine ended gender-affirming care for young patients
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
The school immunization waiver rate climbed to 7.1% last year from 6.2% in 2024, the fifth straight year of decline and the highest exemption rate since 2010. Michigan is now outpacing the national average.
The standardbred-Friesian mare is currently undergoing treatment and is believed to be unvaccinated, according to state officials.
School board members discussed a potential new policy that would ban transgender women from women's sports and locker rooms.
CJ Abrams hit a tiebreaking two-run homer and added a solo shot to give the Washington Nationals a 3-1 victory over the Detroit Tigers on Tuesday night.
The Detroit Red Wings will likely extend their playoff drought to 11 seasons, putting their dismal run behind only one in NHL history.
River Ryan was outstanding in his Detroit debut, and the Tigers hit three home runs to rout the Washington Nationals 9-2, one day after being eliminated from the American League playoff race.
The Detroit Tigers and Fifth Third announced on Monday that Comerica Park will be renamed Fifth Third Park beginning with the 2027 season.
The signature event was launched 19 years ago by the Metropolitan Affairs Coalition and the Detroit Free Press.
At the top of the list is the open U.S. Senate contest between Democrat Abdul El-Sayed and Republican Mike Rogers.
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.
Alaska authorities say a Piper Cub carrying two occupants crashed after taking off Sept. 17. One of those killed was a Michigan teenager.
A popular arcade museum in Metro Detroit, Marvin's Marvelous Mechanical Museum, will soon reopen in its new location. Here's a look.
Authorities in Idaho on Wednesday are expected to reveal the identity of a man known as the "Unknown Wanderer" after his remains were found in 1982 in a church. This case has a possible connection to the 1982 Chicago Tylenol murder investigation.
Iran's President Masoud Pezeshkian is due to speak at the U.N. meeting on Wednesday, one day after President Trump gave remarks to the General Assembly. CBS News has this report
Campaign announcements and meet-and-greets are ramping up in Metro Detroit ahead of the November election. Here's a roundup of what took place on Tuesday from the campaigns of Abdul El-Sayed, Jocelyn Benson, John James and Mike Rogers.