Nearly one in five federal student loan borrowers who are currently in active repayment, close to 20% of that group, is at least 30 days behind on payments, according to portfolio data Federal Student Aid posted on September 22. The figure describes borrowers who are still classified as making payments on schedule under their repayment…

More than 9.3 million federal student loan borrowers were in default as of June 30, holding a combined $234 billion in loans, according to updated portfolio data Federal Student Aid posted on September 22. The figure covers only the federally managed share of the loan portfolio, which spans 42.3 million recipients and more than $1.7…

Credit Acceptance Corporation, a Michigan-based subprime auto lender, will forgive more than $630 million in car-loan debt owed by more than 55,000 borrowers nationwide under a settlement announced September 17, 2026. Minnesota Attorney General Keith Ellison, New York Attorney General Letitia James and a bipartisan group of states said the deal also requires $60 million…

Most of the money in the Credit Acceptance settlement never moves. More than $630 million of it is debt that simply stops existing on the books of a subprime auto lender, which helps 55,000 borrowers but puts nothing in a mailbox. The part that does move is $60 million, and it is going into a…

Federal student loan borrowers who want a full percentage point knocked off their interest rate have until September 30, 2026, to enroll in automatic payments. The discount itself already began July 1, but the U.S. Department of Education gave borrowers a window to sign up and still qualify for the larger reduction. Miss the date,…

Federal loan servicers started mailing individual exit notices on July 1, each one giving its recipient 90 days from that letter to choose a new repayment plan. There is no single date closing this window; the deadline arrives on its own schedule for each account, set by whichever company services that loan. About 7.5 million…

A rule that has been running quietly since the start of July is close to producing its first visible results. Federal student loan servicers began issuing notices on July 1, 2026 to borrowers left in limbo when the SAVE repayment plan was struck down, and every notice carries its own 90-day deadline to choose a…

For more than a year, the federal agency built to police banks, lenders, and debt collectors has not opened a single new case against one. The Bureau’s own public log of enforcement actions runs 386 entries deep, and the most recent one is dated August 21, 2025. Nothing has been added since. For a household…