IMF Reaches Agreement With Sri Lanka On $344 Million Loan Payout
Quick Take The summary is AI-generated, and the newsroom was reviewed. The IMF has agreed to a review of the loan program with Sri Lanka. This review will make roughly $344 million available for reform. Sri Lanka defaulted on its $46 billion external obligations in April 2022. Washington: The International Monetary Fund announced on Friday […]
Student loan borrowers at risk of garnished wages: What to know
Default student loan borrowers will need to plan in the coming weeks as the Trump administration plans to resume unwilling collections for those who missed payments. Five years later, the Ministry of Education announced on Monday that it had defaulted or people who had not paid loans for more than 270 days. The change is […]
Loyalty program Bilt to offer points on student loan, housing payments: ‘More mature credit profile’
Bilt Rewards is a loyalty program that offers perks on rent payments and mortgages, bringing attention to student loans, one of the nation’s biggest debt problems. The New York-based startup, which operates as a payment processor, announced a program on Wednesday that rewards students with loans and campus housing payment points. The company already boasts […]
Trump admin ends Biden’s free ride: 5+ million deadbeat student loan borrowers to face collections
President Donald Trump’s Department of Education announced Monday that he will soon be able to finish the former Biden administration’s free ride for student loan borrowers by default. ED’s Federal Student Aid Agency will resume collections on May 5th for more than 5 million borrowers who have not paid for at least 360 days. Another […]
Trump admin to seize wages, pensions of those in default on student loan debt
The White House targets Biden-era student loan forgiveness plans Dana Perino, co-anchor of “American Newsroom,” joins Fox & Friends, to close the Biden-era student loan forgiveness program and discusses the White House’s efforts to share insights from her new book, “I Someone Says to Me.” According to the White House, those who refuse to pay […]
Trump admin to go after pensions, wages and tax returns to claw back student loan debt
WASHINGTON – The Trump administration announced Tuesday that it will chase pensions of people who seized wages and refuse to pay back federal student loans that defaulted. “The government can collect defaults on federal student loan obligations by withholding money from borrowers, tax refunds, federal pensions and even wages. The education department had announced a […]
Education Secretary Linda McMahon reveals greedy truth behind student loan forgiveness
President Trump’s education boss Linda McMahon defended the administration’s decision to resume student loan debt collection. The greedy university claims it is “benefiting on a massive scale” from Biden-era forgiveness measures. The Ministry of Education announced Monday that it will re-coup federal student repayments from around 5.3 million borrowers, who are currently defaulting on loans, […]
Average US credit score slips as student loan delinquencies rise
Micah Abigail CEO, founder and financial influencer Micah Smith talks with Fox News Digital about the crippling finances and how to fix it. According to FICO, the resumption of federal student loan delinquency reports, primarily for US consumer credit reports, has resulted in a US average credit score skiing nationwide. The scoring agency reported that […]
More new car buyers resorted to 84-month loan financing terms
Some Americans are rushing to dealers to get ahead of the car toll kickoff. Jeff from Fox Business flocks more. More car buyers used seven-year loans to fund new vehicles in the first quarter. Recently released reports. Edmunds said last week that he discovered 84 months of loans in the first three months of 2025 […]
Student loan borrowers face hits to credit score: NY Fed
(News Nation) – Some student loan borrowers face penalties for late payments on federal student loans. If delinquency appears in credit reports for the first half of 2025, more than 9 million borrowers could face a significant drop in their credit scores. Federal Reserve Bank of New York. After a pandemic-era suspension in September 2023 […]