Politics - CBSNews.com
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Washington — The Education Department will soon begin collecting payments for student loans that are in default, including through wage garnishment for potentially millions of borrowers, the department announced Monday.
Beginning May 5, the Education Department will begin involuntary collections through the Treasury Department's offset program, which claws back delinquent debts by withholding payments such as tax refunds, federal salaries and Social Security benefits.
More than 5 million borrowers are in default and 4 million more could be in the...
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