NEW YORK (AP) — Starting next month, the Education Department says student loans that are in default will be referred for collections. Roughly 5.3 million borrowers are in default on their federal ...
Trump is resuming collections on defaulted student loans for the first time in five years. It means borrowers will soon be subject to the consequences of default. Penalties include withholding tax ...
Currently, roughly 5.3 million borrowers are in default on their federal student loans. Referrals for collection had been put on hold since March 2020. The U.S. Department of Education building is ...