Sequoia Carrillo
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The Trump administration says it will resume seizing pay from student loan borrowers in default in January.
The administration previously said it would resume garnishing tax refunds and Social Security benefits in
from qualifying borrowers last May, but backtracked a month later.
A department spokesperson says the first notices will be sent out the week of January 7th to approximately 1,000 defaulted borrowers.
The notices are expected to increase on a monthly basis throughout the year.
Student loan experts say the timing of the move, colliding with rising healthcare costs, will put added strain on low- and middle-income borrowers.
The Trump administration says it will resume seizing pay from student loan borrowers in default in January.
The administration previously said it would resume garnishing tax refunds and social security benefits from qualifying borrowers last May, but backtracked a month later.
A department spokesperson says the first notices will be sent out the week of January 7th to approximately 1,000 defaulted borrowers.
The notices are expected to increase on a monthly basis throughout the year.
Student loan experts say the timing of the move, colliding with rising health care costs, will put added strain on low- and middle-income borrowers.
The Trump administration says it will resume seizing pay from student loan borrowers in default in January.
The administration previously said it would resume garnishing tax refunds and social security benefits from qualifying borrowers last May, but backtracked a month later.
A department spokesperson says the first notices will be sent out the week of January 7th to approximately 1,000 defaulted borrowers.
The notices are expected to increase on a monthly basis throughout the year.
Student loan experts say the timing of the move, colliding with rising health care costs, will put added strain on low and middle income borrowers.
The popular but controversial saving on a valuable education or save plan promised monthly payments as low as $0 for low-income borrowers and expedited loan forgiveness.