The Education Department says it will start garnishing wages and Social Security benefits for student loans that are in default starting May 5. The policy shift could affect over 5 million borrowers, with another 4 million at risk of being in default in the coming months. It would be the first time the federal government would collect on the loans since repayments were paused in 2020 during the pandemic.
Trump Admin to Start Garnishing Wages on Defaulted Student Loans Next Month
HeadlineApr 22, 2025