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The move follows the expiration of payment pauses and grace periods that began under former President Biden's administration.
Defaulted student loan borrowers will need to come up with a plan in the next few weeks as the Trump administration plans to ...
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The Treasury Offset Program, a federal program that collects debts by garnishing federal and state payments, will administer ...
The U.S. Department of Education announced on Monday that it will begin collecting on defaulted student loan payments ...
The U.S. Department of Education has announced that it is resuming collections of defaulted student loans, starting on May 5.
But it’s the prospect of involuntary collections, including the garnishing of federal payments and eventually even private salaries, that is raising the most attention in the Trump ...
The news release explains how the process will work, and says it could involve garnishing people's wages. "All borrowers in default will receive email communications from FSA over the next 2 weeks ...