12.7 C
Auckland
Wednesday, May 21, 2025

Popular Now

Millions of US student loan defaulters face renewed debt collections amid criticism of Biden policy

US Student loan news

Starting May 5, the Department of Education will resume debt collections for millions of student loan borrowers in default, ending a pandemic-era pause in place since March 2020.

Education Secretary Linda McMahon blamed the Biden administration for misleading borrowers about debt forgiveness, asserting the executive branch lacks the constitutional authority to cancel federal student debt.

The Department cites over 5 million borrowers already in default, with nearly 10 million potentially at risk.

Borrowers will receive notices urging repayment or enrollment in relief programmes, with wage garnishments and withheld federal benefits, including tax returns and Social Security, set to follow later this year.

Image credit: Mikael Kristenson

Promoted Content

No login required to comment. Name, email and web site fields are optional. Please keep comments respectful, civil and constructive. Moderation times can vary from a few minutes to a few hours. Comments may also be scanned periodically by Artificial Intelligence to eliminate trolls and spam.

2 COMMENTS

  1. Not the taxpayer’s responsibility to pay for the advanced feminism / Afghan gender studies / queer biracial interpretative dance therapy “degree” you were dumb enough to get fooled into taking.

    Stupid decisions have consequences. Make better choices.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Trending

Sport

Daily Life

Opinion

Wellington
overcast clouds
10.8 ° C
10.8 °
10.8 °
76 %
4.6kmh
87 %
Wed
12 °
Thu
13 °
Fri
14 °
Sat
14 °
Sun
15 °