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After a five-year pandemic-related payment freeze, the Education Department announced it will resume collections of its defaulted federal student-loan portfolio in May.
The Trump administration’s move comes after a five-year freeze on the most intense penalties for falling behind on student loans. Education Department officials said turning on the collection machine ...
With the Department of Education this month resuming collections on student loans, millions of Americans are at risk of having their wages garnished.
Wage garnishment for defaulted student loans has officially resumed. Here’s who’s at risk, how it works, and what borrowers can do to avoid losing part of their paycheck.
Those who haven't paid on their debt for nine months or more now face the harsh realities of debt collection. Here's what to ...
A sweeping change to student loan forgiveness could be on the horizon, and more than 6 million borrowers may be caught in the ...
After a nearly three-year freeze on mandatory payments, the U.S. Department of Education is phasing out its lenient approach to missed payments.
The change affects more than 5 million Americans who were in default before or during the freeze and could now face ...
which began when President Trump paused federal student loan payments in March 2020. The Biden administration extended the freeze several times, and payments resumed only in October 2023.
Collections on defaulted federal student loans will resume on May 5 ... driven repayment requests are currently in a processing freeze.” Even though the May 5 deadline is looming, borrowers ...
Starting May 5th, the Education Department will resume collecting defaulted federal student loans, ending the pandemic-era freeze. Millions of borrowers risk wage garnishment and seized tax ...
President Donald Trump imposed a moratorium during his first term on the collection of defaulted student loans; Congress later codified and extended that freeze in the 2020 stimulus package.