Trump administration to garnish wages of 5.3 million defaulted student loan borrowers this summer

cnbc.com/2025/05/06/how-soon-defaulted-student-loan-borrowers-may-face-collections.html

The Trump Administration resumed collection efforts on defaulted student loans Monday after a roughly five-year hiatus — and affected borrowers could begin feeling the financial consequences sooner than experts expected.
The U.S. Department of Education released new details on what…

This story appeared on cnbc.com, 2025-05-06 16:08:34.
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