Browsing: Collections

US President Donald Trump signs executive orders relating to higher education institutions, alongside US Secretary of Education Linda McMahon (R), in the Oval Office of 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…

WASHINGTON, DC – APRIL 30: Education Secretary Linda McMahon speaks during a Cabinet meeting at the … More White House on April 30, 2025 in Washington,…

After a five-year suspension that began in March 2020, the Trump administration is turning the student loan default collections machine back on. Millions of borrowers with…

NEW YORK, NEW YORK – MARCH 07: United States Secretary of Education Linda McMahon visits “Fox & … More Friends” at Fox News Channel Studios on…

U.S. Secretary of Education Linda McMahon smiles during the signing event for an executive order to shut down the Department of Education next to U.S. President…

The headquarters of the Department of Education on March 12, 2025 in Washington, DC.Win McNamee | Getty ImagesThe U.S. Department of Education announced Monday that its…

UNITED STATES – JUNE 14: Rohit Chopra, director of the CFPB, testifies during the House Financial … [+] Services Committee hearing “The Semi-Annual Report of the…

Jose Luis Pelaez | Getty ImagesFor roughly the past five years, federal student loan borrowers who fell behind on their bills didn’t need to worry about…

TOPSHOT – (COMBO) This combination of pictures created on September 29, 2020 shows US President … [+] Donald Trump (L) and former Vice President Joe Biden…