US EditionStudent loans in default to be referred to debt collection, Education Department says
- The Education Department will begin collecting on defaulted student loans, including wage garnishment for millions of borrowers, starting May 5, as announced by officials.
- Currently, around 5.3 million borrowers are in default on their federal student loans, marking an end to the leniency from the COVID-19 pandemic.
- The department will use the Treasury Department's offset program to collect debts, affecting tax refunds and salaries.
- Less than 40% of all borrowers are current on their student loans, according to department officials.
126 Articles
126 Articles
Student loan crackdown coming
WASHINGTON — The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday. Currently, roughly 5.3 million borrowers are in default on their federal student loans. The Trump administration ‘s announcement marks an end to a period of leniency that began during the COVID-19 pandemic. No federal student loans have been re…
Student loans in default will be referred to debt collection next month: Trump’s DOE
The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday.
Debt collection will soon start for defaulted student loans. Here’s when.
The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday.
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