Reported about 11 hours ago
The U.S. Education Department plans to begin collecting on defaulted student loans next month, including garnishing wages, affecting approximately 5.3 million borrowers. This move ends a COVID-19 moratorium on collections, as federal loans have not been referred for collection since March 2020. Advocates criticize this decision, highlighting the economic impact on working families, while the Education Secretary emphasizes the need for responsible loan management. Borrowers can avoid wage garnishment by entering loan rehabilitation programs.
Source: YAHOO