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Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of defaulting.
Millions of borrowers in default will face wage garnishment and withheld government payments, intensifying financial strain.
The Department of Education announced it will restart collections on defaulted federal student loans on May 5. The Department ...
For the first time in five years, Trump is resuming collections for defaulted student-loan borrowers on May 5.
The move follows the expiration of payment pauses and grace periods that began under former President Biden's administration.
Trump's Education Department said that a previous legal filing stating payment changes for married student-loan borrowers was ...