The Trump administration is delaying its plans to withhold pay from student loan borrowers who default on their payments, backing off a measure that threatened to deliver a financial blow to millions of Americans... .
The Trump administration is delaying its plans to withhold pay from student loan borrowers who default on their payments, backing off a measure that threatened to deliver a financial blow to millions of Americans... .
The U.S.Department of Education will suspend, for now, tax refund seizures and wage garnishments for people in default on their federal student loans. The suspensions took effect on Jan ... ....
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With Americans reeling from high consumer prices, the federal government will suspend tax refund seizures and wage garnishments for people in default on their student loans, the Education Department said Friday.
“Amidst the growing affordability crisis, the administration’s plans would have been economically reckless and would have risked pushing nearly 9 million defaulted borrowers even further into debt,” Canchola Bañez added.
The federal government is waiting for major student loan repayment reforms to take effect before resuming withholding money from people’s paychecks in default on their student loans ... .