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Collection of defaulted student loans
to restart May 5 for first time since pandemic

Original Article

Posted By: NorthernDog, 4/21/2025 8:23:06 PM

WASHINGTON – Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of not paying back their loans. That's about to change, and quickly. Linda McMahon, the secretary of the U.S. Department of Education, said the federal government will resume involuntary collections for borrowers in default on May 5. In two weeks, loan holders will start the process of taking money from the paychecks of borrowers who've missed their payments for 270 days or more. They'll also start moving to collect from other federal payments, including tax refunds and Social Security benefits. The change, which McMahon

Comments:

Biden kept kicking this can down the road. Now they will have to pay up or face garnishment of wages and/or withheld tax refunds.

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Reply 1 - Posted by: Northcross 4/21/2025 8:33:23 PM (No. 1937288)
Excellent. Garnish their wages and take away their cell phones and Starbucks until they pay up.
25 people like this.

Reply 2 - Posted by: Catherine 4/21/2025 10:17:08 PM (No. 1937328)
Good. Both my boys paid back their loans, every cent. Everyone should have to do the same.
19 people like this.

Reply 3 - Posted by: DVC 4/21/2025 10:59:14 PM (No. 1937348)
Excellent. Pay your debts, deadbeats.
15 people like this.

Reply 4 - Posted by: JimBob 4/21/2025 11:15:43 PM (No. 1937355)
More good news! Some -I guess a lot of Democ'RATs- missed that vital part of their 'education'..... that when you borrow money, you have to Pay it Back!
10 people like this.

Reply 5 - Posted by: chance_232 4/21/2025 11:30:11 PM (No. 1937357)
You just know that by weeks end, some federal judge will issue a restraining order preventing collection of defaulted loans. Democrats have a ready suit and are judge shopping as you read this.
15 people like this.

Reply 6 - Posted by: cougar67 4/22/2025 2:48:22 AM (No. 1937380)
Making Americans Responsible Again
9 people like this.

Reply 7 - Posted by: petrichor 4/22/2025 7:58:09 AM (No. 1937486)
I'm waiting for forbearance on my mortgage payment. Maybe just eliminate that interest portion.
5 people like this.

Reply 8 - Posted by: Strike3 4/22/2025 7:59:02 AM (No. 1937488)
Confiscate their Gameboys and X-Boxes and the results will come faster. Not all of them are working or want to work.
2 people like this.

Reply 9 - Posted by: anniebc 4/22/2025 1:06:43 PM (No. 1937733)
Taxes, interest, and insurance costs are the bulk of mortgages, poster #7. It's a darn shame! I'm working my butt off to get my mortgage paid in full, but I'll still have to pay property taxes and insurance. I get the insurance, but the property taxes are highway robbery.
0 people like this.

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