Student Loan Update: Millions of Borrowers Now in Default After Big Changes

Educatie

Millions of Americans with student loan debt are now officially in default or at risk of losing money from their paychecks as the federal government restarts its aggressive collections under the Trump administration. The Department of Education has now lifted pandemic‑era protections that had shielded borrowers from the harshest consequences of default, including wage garnishment and tax refund seizures. According to newly released New York Federal Reserve data, 3.6 million student loan

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