Key Takeaways Borrowers under Income-Driven Repayment plans that have made enough payments to qualify for a loan discharge will soon receive tax-free forgiveness after months of pauses.Although ...

Students logging into their student loan servicer accounts may not be able to see their progress in loan forgiveness payments after the Department of Education stalled payment counts. One of the ...

Buried in the SAVE plan settlement is a provision that could place major restrictions on the Education Department's ability ...

The Department of Education issues Federal loans to students, but it doesn’t work with borrowers directly. Instead, it hires outside loan servicers to shoulder the administrative burden of educational ...

It’s a new year for student loans, and big changes are happening that will impact millions of borrowers across the country.

A student loan servicer is a company that performs administrative tasks on behalf of a lender, such as the U.S. Department of Education. These companies send out bills, disburse money and collect ...

NEW YORK (AP) — The federal Department of Education is cracking down on student loan debt, announcing this week it will resume collecting defaulted federal student loan payments starting May 5. It’ll ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Photo by Wesley Lapointe/For The ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. MoMo Productions / Getty Images As ...

WASHINGTON -- The Department of Education restarts collections of loans in default on Monday, putting millions of borrowers at risk of having their benefits and wages garnished. The move arrives as ...