The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday.

Currently, roughly 5.3 million borrowers are in default on their federal student loans.

The Trump administration ’s announcement marks an end to a period of leniency that began during the COVID-19 pandemic. No federal student loans have been referred for collection since March 2020, including those in default. Under President Joe Biden, the Education Department tried multiple times to forgive millions of people’s student loans, only to be stopped by courts.

“American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,” Education Secretary Linda McMahon said.

  • Rhaedas@fedia.io
    751·
    4 days ago

    Under President Joe Biden, the Education Department tried multiple times to forgive millions of people’s student loans, only to be stopped by courts.

    Both sides, something something.

    “American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,” Education Secretary Linda McMahon said.

    You’re hurting a large number of those taxpayers by doing this. This is akin to looking for budget cuts by going after who has the smallest amount of funding like NASA and the Arts.

    Plus, some countries actually consider investing in their students to improve their overall society. They don’t try to make profit off of them while minimizing who can get an education. I think our goals in the US are a bit messed up.