Millions Could Lose Social Security or Tax Refunds in 2 Weeks Over Student Loan Defaults – Knowhere News

Hardball Student Loan Collections Will Hit Black Borrowers Most

The Trump administration’s plan to resume student loan collections—including wage garnishment and tax refund seizures—will disproportionately impact Black borrowers, who hold more debt and default at higher rates. Experts urge organized resistance and targeted relief.

What student loan borrowers need to know about ‘involuntary collections'

In an op-ed Monday, Secretary of Education Linda McMahon explained the Education Department’s decision to resume “involuntary collections” of federal student loans that are in default. Within weeks, borrowers should contact the government’s Default Resolution Group to make a monthly payment, enroll in an income-driven repayment plan, or sign up for loan rehabilitation.  Borrowers who remain in default may eventually have their wages automaticall…

Millions Could Lose Social Security or Tax Refunds in 2 Weeks Over Student Loan Defaults – Knowhere News

Millions of student-loan borrowers in the U.S. could start losing their Social Security benefits and tax refunds in just two weeks if they don’t begin repaying their loans. The Trump administration has decided to resume collecting from borrowers who have defaulted on their student loans. This is the first time in five years that such collections have been restarted. The Department of Education officially announced on Monday that defaulted borrow…

Millions of student borrowers could start losing their social security benefits and tax refunds in two weeks if they don't pay... their student credits outstanding since the Covid epidemic. Indeed, President Donald Trump resumes the recovery of student loans waiting for the first time in five years and [...]

Have a Student Loan in Default? Your Wages Could Soon Be Garnished Again

After a five-year pause, the Education Department is resuming wage garnishment and other collections activities on defaulted student loans.