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Education Dept. resumes collecting student loans in default
The Department of Education restarts collections of loans in default on Monday, putting millions of borrowers at risk of having their benefits and wages garnished.
The move arrives as the Trump administration works to dismantle the Education Department and aggressively roll back former President Joe Biden’s policies, including those around student loan forgiveness.
It’s expected to affect the more than 5 million borrowers who are in default. And that number could rise over the next few months: There are 4 million additional borrowers in “late-stage delinquency,” which occurs after 90 days without payment, the department said in a news release last month. #CNN #News
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