US EditionStudent loans in default to be referred to debt collection, Education Department says
- The Department of Education announced it will resume collections on defaulted federal student loans beginning May 5.
- This action ends a period of paused collections that began during the COVID-19 pandemic.
- Collection efforts will include withholding government payments and potentially garnishing wages.
- Approximately 5.3 million borrowers nationwide are currently in default on their federal student loans.
- The decision drew criticism from advocates who highlighted potential borrower confusion.
418 Articles
418 Articles
Colorado Springs Gazette
Trump chips further at Biden legacy with rollback of student loans pause
President Donald Trump is driving an even sharper contrast with his predecessor on student loans as he moves to garnish the wages of borrowers in default on their payments. The Education Department took an explicit shot at former President Joe…
The Trump administration has announced that it will begin recovering unpaid student debt. The target is five million people who are currently in bankruptcy. The article Donald Trump, a new blow of proportions! The American government begins recovering student debt, a measure that targets five million people in bankruptcy appears for the first time in Romania TV.
The U.S. Department of Education announced that, as of May 5, the “involuntary” collection of federal student loans in arrears will be reactivated, following a suspension implemented during the Covid-19 pandemic. According to a statement issued on Monday, April 21, more than five million people are currently in default of payment. A federal student loan is considered in default after 270 days without making a payment. As part of this measure, th…
The U.S. Department of Education will resume the collection of federal student loans in arrears, a measure that was slowed down in 2020 and has generated controversy. Defenders point out that the announcement comes at a time when Americans face unprecedented economic uncertainty.The Trump administration points to $1.6 trillion in student debtIn a statement, the Department pointed out that the resumption of collection protects taxpayers from assu…
louisianafirstnews.com
CW39 HoustonCollections for over 5 million defaulted student loans to restart within weeks
(The Hill) -- The Department of Education announced Monday it will restart collections on defaulted federal student loans on May 5, including potentially garnishing wages for millions of workers. The federal agency said more than 5 million borrowers have been in default, not making monthly payments, for more than year and, in some cases, for more than seven. Defaulted student loans have not been collected since March 2020, when they were pause…
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