June 1, 2025
Financial Assets

Can it help your situation?

Filing for Chapter 13 bankruptcy may give struggling borrowers a lifeline—but when it comes to student loans, relief is limited. Here’s what every borrower should understand about how bankruptcy interacts with education debt. Chapter 13 bankruptcy: What it does Chapter 13, also called a “wage earner’s plan,” lets individuals with regular income repay all or

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Financial Assets

How to Avoid Wage Garnishment in 2025

The federal government has resumed collections on defaulted student loans, and nearly 200,000 borrowers could soon see wage garnishment, tax refund seizures, and even Social Security offsets. After a five-year pause, aggressive collection actions are officially back, putting many Americans’ financial stability at risk. If you have federal student loans in default, time is critical

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Financial Assets

Republican lawmakers want to overhaul student loans. Here’s what to know.

Republican lawmakers on Monday introduced a proposal to overhaul the nation’s student loan system, including eliminating a popular repayment plan that had helped millions save money on their debt payments.  The proposal, which was released by the House Committee on Education and the Workforce, would save more than $330 billion, according to a statement by

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Financial Assets

Student loans budgeting tips before federal government collection resumes

HELENA — Whether you are graduating within the next couple of weeks or graduated years ago, chances are you will soon have to start repaying your federal student loans. “Sometimes I have students who think they know exactly what they need to do, and when we sit down and have a conversation – next thing

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Financial Assets

Trump Executive Order On Accreditation Could Reshape Student Loans

WASHINGTON, DC – JANUARY 20: President Donald Trump signs executive orders in the Oval Office of the … More White House on January 20, 2025 in Washington, DC. Trump takes office for his second term as the 47th president of the United States. (Photo by Anna Moneymaker/Getty Images) Getty Images Trump Executive Order On College

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Financial Assets

Student loans in default soon to be sent to collections. What to know.

Student borrowers could see credit scores drop for late loan payments Nearly 9.7 million student loan borrowers will see drops in credit scores, according to the Federal Reserve. Straight Arrow News Student loan collections will resume May 5th after a five-year pause. Millions of borrowers risk wage garnishment, impacting social security and tax returns. Defaulting

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Financial Assets

Department of Education order means chaos for student loans.

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. The Department of Education provides money to local school districts. It spends billions of dollars on special education. But more than anything else? It operates like a bank. More than 40 million Americans are

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Financial Assets

Charts reveal how Trump gutted federal student loan office

More than 600 positions have been eliminated from the Federal Student Aid office, internal documents show. Now, in many places, “no one is identifying schools that are failing financially.” WASHINGTON – President Donald Trump has made it a top priority to dismantle and reorganize the federal Education Department. Simultaneously, he has promised time and again

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Financial Assets

With President Trump’s move to attempt to dismantle the Department of Education, uncertainty swirls around student loans

President Donald Trump continues to make moves and push for the dismantling of the Department of Education. While it would take an act of Congress to do it, federal student loans will now be handled by the small business administration. Pitt is one of the many colleges in our area that has thousands upon thousands

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Financial Assets

What happens to student loans if Trump abolishes Education Department?

Mixed reactions to Trump’s order to dismantle Education Department Residents in Columbia, Missouri, and New York City reacted to President Donald Trump’s executive order aimed at dissolving the Education Department. WASHINGTON — President Donald Trump signed a long-anticipated executive order seeking to eliminate the U.S. Department of Education, which he said was “45 years in

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