Can't pay your student loans? Trump's coming for your money anyway [View all]
The Department of Education announced Monday that it will resume collections on defaulted student loans starting May 5—just as the stock market hits historic lows and inflation continues to climb.
On a call with reporters, officials confirmed that borrowers who don’t pay up could face wage garnishment by summer. Others could be hounded by debt collectors or shoved into income-based repayment plans. The Treasury Department will administer the process through its offset program, and borrowers will be notified within the next two weeks.
“American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,” Education Secretary Linda McMahon said in a statement.
This marks the official end of a pandemic-era pause on collections that began in March 2020. No defaulted federal loans have been referred to collections since, but that ends now—arguably at the worst possible moment.
https://www.dailykos.com/stories/2025/4/22/2318015/-Trump-doesn-t-care-about-your-student-loans
Never mind the contractors or anyone else Trump ripped off.
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