ABC7 San Francisco

Debt default could cut millions of jobs. Here's who would lose employment first

As the U.S. hurtles closer to a default on its debt as early as next month, the economic consequences could prove devastating, especially for millions who stand to lose their jobs. Even a brief debt ...

Student-loan default rates are about to spike — and that’s everyone’s problem

This spike was inevitable. Federal student-loan borrowers had their payments (and interest) paused for almost four years, ...
Morningstar

What happens if your student loans are in default as debt collection restarts?

Borrowers in default could see their wages garnished or Social Security benefits seized. Here's what you need to know. The Trump administration's announcement this week that it will restart debt ...
Hosted on MSN

Student loans in default to be referred to debt collection, Education Department says

The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday.
USA Today

What is the debt ceiling? Here's what's at stake as deadline looms.

In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...
The Columbian

Student loans in default to be referred to debt collection, Education Department says

FILE - The U.S. Department of Education building is seen in Washington, Dec. 3, 2024. (AP Photo/Jose Luis Magana, File) WASHINGTON (AP) — The Education Department will begin collection next month on ...