The government is restarting the collection of defaulted student loans. This move affects millions of borrowers who have not made payments in a long time. The Department of Education will start taking money from tax refunds, Social Security benefits, and even wages of those who are in default. The process of defaulting on a student loan is straightforward. If a ...

The Education Department is set to resume collection efforts on defaulted student loans starting next month. This move affects about 5. 3 million borrowers who have fallen behind on their federal student loans. These individuals may soon face wage garnishment, tax refund seizures, and reductions in Social Security benefits to repay their debts. The pause on collecti...