#Tag
The government had signaled earlier this year that it would send notices that would lead to a portion of a borrower’s paycheck being garnished. Being in collections & in default can damage #credit scores.
#Trump #law #Education #StudentLoans #CostOfLiving #LivingWage #affordability #TheCrueltyIsThePoint
That move signaled the end of pandemic-era relief that began with pauses on payments in March 2020.
After several extensions by the #Biden admin, payments resumed in October 2023, but borrowers weren’t penalized for defaulting until last year. About 5 million borrowers are in default, & millions more are expected to be close to missing payments.
#Trump #law #Education #StudentLoans #CostOfLiving #LivingWage #affordability #TheCrueltyIsThePoint
The government had signaled earlier this year that it would send notices that would lead to a portion of a borrower’s paycheck being garnished. Being in collections & in default can damage #credit scores.
#Trump #law #Education #StudentLoans #CostOfLiving #LivingWage #affordability #TheCrueltyIsThePoint
This is a bonfire demo instance for testing purposes
