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Student loan defaults are surging nationwide. A new Associated Press analysis finds a record number of borrowers are struggling to keep up with payments.

ABC News

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Host: Student loan payments for nearly 8 million borrowers are set to skyrocket starting tomorrow. The Department of Education is set to end a repayment plan known as the SAVE Act. It could be a serious blow to borrowers already struggling to make payments on student loans

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Americans who are defaulted on their student loans will begin having their paychecks garnished starting next month Up to 15% of an employee's pay can be taken out and withheld for defaulted student loan payments “Starting the week of January 7th 2026, borrowers in default will get a notice of their status. They'll be given 30 days before payment is withheld” “Right now, about 5 million borrowers are in default and millions more are expected to miss payments.”

Americans who are defaulted on their student loans will begin having their paychecks garnished starting next month Up to 15% of an employee's pay can be taken out and withheld for defaulted student loan payments “Starting the week of January 7th 2026, borrowers in default will get a notice of their status. They'll be given 30 days before payment is withheld” “Right now, about 5 million borrowers are in default and millions more are expected to miss payments.”

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A major shakeup to the federal student loan system affecting millions of borrowers will take effect July 1. The changes mean some Americans — especially lower-income borrowers — will face higher monthly payments on their student loans.

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From farms to factories, hundreds of thousands of prisoners are put to work every year nationwide. Some are seriously injured or killed after being given dangerous jobs with little or no training, The Associated Press found.

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In some of New York City’s wealthiest neighborhoods, even high earners are struggling to keep up with ballooning costs. Paulina Cachero explains

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Business and economics correspondent Paul Kelso explains why graduates across the country are struggling to make a dent in their student loan debts ⬇️

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Millions of federal student loan borrowers are must choose a new repayment plan as a popular income-driven program winds down. After years of legal limbo, a district court judge last month officially killed the rule behind Saving on a Valuable Education (SAVE), a plan created under the Biden's administration that was known for its generous terms and low monthly payments. In other words, if you've been on the SAVE plan, you'll soon have to pick a new repayment option or eventually have an option chosen for you. Here are three things to know about the end of SAVE and what's next.

Millions of federal student loan borrowers are must choose a new repayment plan as a popular income-driven program winds down. After years of legal limbo, a district court judge last month officially killed the rule behind Saving on a Valuable Education (SAVE), a plan created under the Biden's administration that was known for its generous terms and low monthly payments. In other words, if you've been on the SAVE plan, you'll soon have to pick a new repayment option or eventually have an option chosen for you. Here are three things to know about the end of SAVE and what's next.

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