Millions of people are in trouble with their student loans. The Education Department has big plans starting next month. They will start sending defaulted loans to collections. This means roughly 5. 3 million borrowers could see their wages taken, tax refunds seized, or even parts of their Social Security checks grabbed to pay back loans. This hasn't happened in a wh...

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 the COVID-19 pandemic. This pause was extended multiple times by the Bi...