US EditionWill your student loans be sent to collection? What to know about Education Department changes
- The Education Department will start collecting on student loans in default next month, including wage garnishments for millions of borrowers, as officials announced.
- Approximately 5.3 million borrowers are currently in default on their federal student loans, marking an end to the pause on debt collection during the COVID-19 pandemic.
- Education Secretary Linda McMahon stated that taxpayers will no longer be collateral for irresponsible student loan policies, while critics labeled the move as cruel and unnecessary.
- Involuntary collection will begin on May 5, including withholding government payments and beginning wage garnishment after a 30-day notice for defaulting borrowers.
34 Articles
34 Articles
How student loan collection will impact Central Coast students
Student loans are at the top of people's minds across the nation and locally."College is expensive, and it seems like it's only getting more expensive," said James Wifull, a second-year student at Cal Poly.That's the sentiment every student KSBY spoke with today shared and the expense means some have had to turn to student loans. "Currently I don't [have student loans], but I think next year I'm going to because the total cost is like 40,000 dol…
Denton Record-Chronicle
Texas StandardStudent loans in default will go to collections in early May for the first time in five years
Millions of Americans with federal student loans will see a significant change to how those loans are collected starting May 5.
After 5-Year Hiatus, Federal Student Loan Collections Set to Resume
After five years on hold, the U.S. Department of Education will resume collecting student loan payments on May 5. “American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,” Secretary of Education Linda McMahon said in a statement. The Office of Federal Student Aid has not collected defaulted loan payments since March 2020 amid the outbreak of the COVID-19 pandemic. Congress required students and…
Trump administration resumes student loan collections, threatening millions with garnished wages and economic hardship
Restarting federal loan garnishments and ending relief programs, the Trump administration advances a sweeping overhaul that critics say punishes struggling borrowers and deepens a national crisis.
The Department of Education is Collecting Delinquent Student Loan Debt
By April Ryan [This post contains video, click to play] The Department of Education, which the Trump administration is working to abolish, will now serve as the collection agency for delinquent student loan debt for 5.3 million people who the administration says are delinquent and owe at least a year’s worth of student loan payments. “It is a liability to taxpayers,” says White House Press Secretary Karoline Leavitt at Tuesday’s White House Pr…
Dept. Of Education To Restart Student Loan Collections
Student loan borrowers and advocates gather for the People’s Rally To Cancel Student Debt During The Supreme Court Hearings On Student Debt Relief on February 28, 2023 in Washington, DC. (Photo by Jemal Countess/Getty Images for People’s Rally to Cancel Student Debt ) OAN Staff Makenna Blackman2:13 PM – Wednesday, April 23, 2025 The Department of... The post Dept. Of Education To Restart Student Loan Collections appeared first on Daily Truth Rep…
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