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Student loan debt collection to resume in May. What should Long Islanders know.
After a 30-day notice, the department will begin garnishing wages for borrowers in default. Loan holders who don't make payments for nine months go into default, which is reported on credit scores, according to the Federal Student Aid office.
“Borrowers will now be expected to repay their loans, and those who don’t will face involuntary collections,” White House ...
The U.S. Department of Education will restart collection efforts on defaulted federal student loans in early May, ending a ...
The Consumer Financial Protection Bureau plans to rescind its advisory opinion reminding revenue cycle management companies ...
The Education Department is resuming 15% wage garnishment of student loans borrowers paychecks for defaulted federal student loans. Here’s who’s at risk and what to know.
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