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Trump administration moves against 10 million defaulted student loans
Original: Trump admin says 'pay up' to the 10 million Americans in student loan default — act quickly to prevent 15% pay clawback
The Trump administration is pressing roughly 10 million Americans in student loan default to repay their debts, warning that borrowers who do not act quickly could face a 15% clawback of their wages. Officials are urging defaulted borrowers to get in touch with loan servicers or enter repayment programs before enforcement measures like wage garnishment begin.
Why now: Renewed federal collection efforts on defaulted student debt threaten paycheck garnishments for millions of borrowers.
Trump administrationUS Department of Educationstudent loan borrowers
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- Trump admin says 'pay up' to the 10 million Americans in student loan default — act quickly to prevent 15% pay clawback · Yahoo Finance
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