Department to start collection on student loans in default
Headline from Arkansas Democrat-Gazette, on the newest of 2 developments
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.
Arkansas Democrat-Gazette's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
WASHINGTON (AP) — The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for
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.
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.
Trump administration officials are worried that the federal student loan portfolio is "headed toward a fiscal cliff if we don't start repayment in collections."
The Trump administration’s announcement marks an end to a period of leniency that began during the COVID-19 pandemic. Roughly 5.3 million borrowers are in default on their federal student loans.
The Education Department says millions of borrowers in default will have a chance to make a payment or sign up for a repayment plan. But on May 5, those who don't will be referred for collection.
WASHINGTON (AP) — The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially
WASHINGTON (AP) — The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of
The Department of Education announced on Monday that it will restart collecting federal student loans in default on May 5, ending a pandemic-era pause that began roughly five years ago.
The Education Department is resuming 15% wage garnishment of student loans borrowers paychecks for defaulted federal student loans. Here’s who’s at risk and what to know.
WASHINGTON (AP) — 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 Department of Education is resuming federal student loan collections in default, ending a pandemic-era pause. Over 5 million borrowers are in default.
The Department of Education announced it will restart collections on defaulted federal student loans on May 5. The Department of Treasury will begin garnishing the wages of those who have not restarted their payments this summer.
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