Millions of student-loan borrowers could start losing Social Security benefits and tax refunds in 2 weeks if they don't pay up

By Business Insider   |   3 weeks ago
Millions of student-loan borrowers could start losing Social Security benefits and tax refunds in 2 weeks if they don't pay up

The Trump administration is restarting collections on defaulted student loans after a five-year hiatus. Borrowers who fail to make payments may face consequences like credit score reduction, wage garnishment, and seizure of federal benefits. Over 5 million borrowers are in default.

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