
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 actions it plans to take, when.
Here's what to know.
The Education Department said it began this week alerting around 195,000 student loan borrowers in default that their federal benefits will be subject to garnishment in 30 days.
More from Personal Finance:What...
Continue reading...The U.S. Department of Education released new details on what actions it plans to take, when.
Here's what to know.
The Education Department said it began this week alerting around 195,000 student loan borrowers in default that their federal benefits will be subject to garnishment in 30 days.
More from Personal Finance:What...