The Department of Education has resumed collections of student loans from late payers. How have you been affected?

Experts say many borrowers have fallen out of the habit of repayment, which can result in serious consequences.

About 195,000 borrowers who haven't paid their student loan bills for at least nine months received a 30-day official notice the week of May 5 from the U.S. Department of Treasury notifying them that their federal benefits checks will be cut in early June.

Defaulted borrowers will become subject to wage garnishment to collect their outstanding balances if they don't arrange a repayment plan.

At the center of that overhaul is an effort to sunset most of the current student loan repayment plans and offer future borrowers a simple binary: pay the same amount every month or tie your payments to your income. The overhaul is part of Republicans' reconciliation package, which, if passed, would also extend Trump's 2017 tax cuts.

Understanding when student loan repayments begin can be crucial for financial planning. Repayment timelines vary based on loan type, lender policies, and borrower status. Additionally, federal loans typically provide a grace period before repayment,

The GOP’s student loan plan would reshape student loan forgiveness and repayment. Here are seven groups, from taxpayers to doctors, who could benefit most if it becomes law.

Student loan delinquencies have surged since a pause in reporting has concluded, with millions facing credit score declines, according to a New York Fed report.