Older US borrowers face rising student loan delinquency: How to...

Dununu.com Dununu

Patrocinados

Older US borrowers face rising student loan delinquency: How to avoid default under Trump's crackdown

RSS Feed Educación

Posted

102

The Trump administration has resumed aggressive student loan collections, causing nearly 18% of US borrowers aged 50 and over to become seriously delinquent. Older borrowers face increased risks of wage garnishment and default but can explore income-driven repayment plans and temporary relief options to avoid severe penalties. The Education Department has paused Social Security garnishments for now but warns these could resume, urging borrowers to act quickly to manage their debt and protect their finances.

Read Full Article

Please log in to like, share and comment!

Cricket's Rs 1,400 crore question: Should India even play Pakistan in the Asia Cup?

Pakistan’s latest meltdown against West Indies is another instance of their struggles...

By 0 5

Why did this PhD student from Tamil Nadu refuse to receive her degree from Governor RN Ravi at MSU convocation?

By 0 7

Natural farming push: PM Modi to launch Rs 2,481 crore National Mission on Aug 23

Prime Minister Narendra Modi is set to launch the National Mission on Natural Farming on August...

By 0 10

Trump’s tariff fallout? India-China trade talks on the horizon; critical rare earths, fertilisers & pharma in focus

India and China are set to discuss a trade package focusing on essential commodities like rare...

By 0 10

'Suspected Bangladeshis': SC to hear PIL over 'detention' of Bengali-speaking migrant workers; notice issued to Centre, 9 states

By 0 15