Education Department
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(2)Education Department to delay collections on defaulted student loans
The Education Department plans to postpone the collection of defaulted student loans, a move that will provide financial relief to borrowers struggling with repayments. This delay aims to ease the burden on individuals who have fallen behind on their federal student loan obligations, likely impacting millions of Americans.
Education Department pauses plan to seize wages, tax refunds of defaulted student-loan borrowers
The Education Department has temporarily halted its efforts to garnish wages and seize tax refunds from borrowers who defaulted on their student loans. This decision comes as the government prepares for the eventual end of the pandemic-related payment pause, providing a reprieve and allowing officials to re-evaluate strategies for managing defaulted loans.
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