Takeaways In early May 2025, the Trump administration announced it will be reinstating involuntary collections on defaulted federal student loans. This ends a five-year pause that had been initiated during the COVID-19 pandemic. This policy shift affects approximately 5.3 million borrowers currently in default. As a result, these borrowers may expect to face wage garnishment, tax refund… Continue reading Will Student Loan Debt Reduce Your Retirement Benefits?
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