The Education Department has decided to pause certain collection actions for some federal student loan borrowers. This move gives those in default a bit of a break while the government works on updating loan repayment and forgiveness programs. This pause means that actions like wage garnishment and
The Education Department has decided to stop taking money from the Social Security checks of people who haven't paid back their student loans. This is big news for many older Americans who were worried about losing part of their income. The government had recently started collecting these overdue lo
The Education Department is set to resume debt collection for defaulted student loans starting May 5. This move affects approximately 5. 3 million borrowers who are currently behind on their federal student loans. The decision marks the end of a three-year pause on collections, which began during th
