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White House: We're Resuming Collections For Student Loans In Default
White House press secretary Karoline Leavitt announced today that the pause in collections on student loans in default that has been in effect since the early days of Covid comes to an end on May 5. "Fewer than four out of ten borrowers are in repayment,
“Borrowers will now be expected to repay their loans, and those who don’t will face involuntary collections,” White House ...
Those in default on their federal student loan debt could have their wages. tax refunds and federal pensions garnished, the ...
Setting aside the wisdom of this as a policy, it’s particularly ill-timed, given the precarious state of the economy. Put ...
The Trump executive order on student loan accreditation could reshape student loans by raising college quality standards, ...
The Department of Education says it’s getting ready to restart collections on federal student loans that are in default. The ...
The move follows the expiration of payment pauses and grace periods that began under former President Biden's administration.
The federal government will come after defaulted student loan borrowers’ tax refunds, federal pension and wages if those ...
White House plans to take tax refunds and wages from student loan defaulters Source: Reuters Neighbors' complaints over wild ...
A federal student loan is considered in default after 270 days of non-payment. Borrowers can check their loan status by ...
The Department of Education will restart its collection of defaulted student loans after a more than five-year halt.
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