195,000 Student Loan Borrowers Get Notices That Wages And Benefits Will Be Seized

Elizabeth Warren is challenging Trump's top education official to defend policies that could put student-loan borrowers at risk

Sen. Elizabeth Warren is inviting Education Secretary Linda McMahon to a hearing.Anadolu/Anadolu via Getty ImagesSen. Elizabeth Warren invited Education Sec. Linda McMahon to defend her education policies in front of Congress.Warren said that Trump's plans to dismantle the Education Department will put student-loan borrowers at risk.McMahon has previously said that she intends to work with lawmakers to overhaul the department.Sen. Elizabeth Warr…

Student loan borrowers face wage garnishment and refund cuts

CHICOPEE, Mass. (WWLP) - As the Department of Education resumes collections on defaulted federal student loans, millions of borrowers' wages or tax refunds could be at stake if not paid off quickly. They have a limited time period before this happens, but 22News learned that there are options to help begin paying off those loans. Millions of federal student loan borrowers who are in default could have money taken from their paychecks now that th…

195,000 Student Loan Borrowers Get Notices That Wages And Benefits Will Be Seized

Nearly 200,000 federal student loan borrowers were notified this week that their wages and benefits are about to be seized by the government.

Gillibrand Criticizes Education Secretary’s Plan to Garnish Wages of Student Loan Borrowers in Default

U.S. Sen. Kirsten Gillibrand is raising alarms over a decision by Education Secretary Linda McMahon to resume involuntary income withholding from federal student loan borrowers in default, a move that could impact nearly 10 million Americans. In a statement released Thursday, Gillibrand criticized the Department of Education’s plan to garnish wages, tax refunds, pensions, and Social Security benefits starting May 5. She said the policy would “un…

Crackdown On Student Loan Defaulters To Begin With Benefit Seizure, Then Wage Garnishment - Nemos News Network

Authored by Tom Ozimek via The Epoch Times, The U.S. government will begin seizing federal benefits from 195,000 student loan defaulters in June, with wage garnishment notices set to reach 5.3 million borrowers later this summer, the Education Department announced on May 5, marking the formal restart of involuntary collections after a years-long pause. The renewed enforcement effort begins with the Treasury Offset Program, which allows the feder…

More Student Loan Borrowers Falling Behind—Even Those with Strong Credit

A growing number of U.S. student loan borrowers are falling behind on their payments, and it’s not just those with poor credit. According to a recent report by credit bureau TransUnion, even borrowers with prime credit scores—typically considered financially stable—are missing payments at unprecedented rates. The data shows that 20.5% of student loans are at […]