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Millions of student-loan borrowers are falling into default — and the newest wave is older than before. Loading audio narration… About 3.6 million federal student-loan borrowers defaulted in the past two quarters, after a pandemic-era repayment pause ended and collections…

The Trump administration will begin garnishing wages of student loan borrowers in default starting in January, the Education Department told CNN on Tuesday. “We expect the first notices to be sent to approximately 1,000 defaulted borrowers the week of January…

U.S. President Donald Trump announces the creation of the “Trump-class” battleship during a statement to the media at Trump’s Mar-a-Lago estate on December 22, 2025 in Palm Beach, Florida. Tasos Katopodis | Getty Images The Trump administration will start garnishing…