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The Trump administration has announced it will resume wage garnishment for federal student loan borrowers who are in default, ...
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When a borrower defaults on a student loan, the government has the power to deduct from their Social Security checks and tax refunds to repay the debt. The government can also garnish borrowers' wages ...
In the U.S., millions of workers — especially those employed by small businesses, nonprofits and gig platforms — lack access ...
On May 5, the Department of Education will restart collections on defaulted federal student loans. The Treasury Offset ...
Now that the federal student loan repayment pause has officially ended, millions of borrowers are expected to begin repaying ...
Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of defaulting.
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“Borrowers will now be expected to repay their loans, and those who don’t will face involuntary collections,” White House ...
The Education Department will begin collecting on defaulted student loans, including wage garnishment, impacting millions as ...
Currently, around 42 million Americans hold federal student loans and roughly 5.3 million borrowers are in default.