school debt

Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments. Many of the states with the highest concentrations of defaulted borrowers are in the South, an AP analysis found. Mississippi has the nation’s highest default rate at 28.3%, and others near the top include Louisiana, Alabama, West Virginia, Oklahoma, Georgia, South Carolina and Texas.

The Trump administration said that it will begin garnishing the wages of student loan borrowers who are in default early next year. The department said it will send notices to approximately 1,000 borrowers the week of January 7, with more notices to come at an increasing scale each month. That could hit Alabama college students hard

Financial breaks, higher bank accounts and lower household costs are predicted for Alabamians this year. That’s according to a new study from the financial website MarketWatch Guides.

SELMA, Ala. (AP) — Another small, historically black college is in financial trouble in west Alabama. The Selma Times-Journal reports that Selma…