Data from the National Consumer Law Center revealed American citizens aged 60 and older hold approximately $125 billion in ...

As the Trump administration resumes collections on defaulted student loans, a surprising population has been caught in the ...

Social Security benefits could drop as low as $750 under Trump’s student loan wage seizure policy, putting older borrowers at ...

As the Trump administration resumes student loan collections following a years-long pause due to the COVID-19 pandemic, new ...

The statement comes days after the Trump administration restarted debt collection on defaulted student loans. About 5 million borrowers are in default, which means they're at risk of having their ...

Defaulting on a student loan can carry harsh penalties, including having wages, tax refunds or Social Security checks garnished to repay the debt. Linda McMahon, the secretary of education ...

According to the U.S. Department of Education, approximately 5.3 million borrowers currently in default on their federal ...

The Department of Government Efficiency will be allowed only limited access to Social Security data after a federal court handed a ruling that will block the agency from tapping beneficiaries ...

Wage garnishment for borrowers who are not making ... student loan borrowers ages 62 and older who are receiving social security benefits could have money taken from their checks.

As a federal payment, even your Social Security checks aren't safe from garnishment. Under TOP, the federal government can offset up to 15 percent of Social Security benefits to repay defaulted ...

Your tax refund or Social Security benefits could also be garnished. Yes ... decade of experience as a freelance journalist covering policy, financial news, real estate and investing.