White House Says It Will Seize Wages For Student Loans In Collection—Here’s What Borrowers Can Expect
White House Says It Will Seize Wages For Student Loans In Collection—Here’s What Borrowers Can Expect
www.forbes.com
Student Loans: White House Says It'll Seize Wages For Borrowers In Default—What You Need To Know
Department of education says more than 5 million already defaulted, an additional 4 million in "late-stage delinquency".
“Borrowers will now be expected to repay their loans, and those who don’t will face involuntary collections,” White House press secretary Karoline Leavitt told reporters Tuesday. “The government can and will collect federal student loan debt by withholding money from borrowers, tax refunds, federal pensions and even their wages.