Student loan borrowers won't see wage garnishments
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Sweeping student loan forgiveness changes for federal student loans are going into effect this year, and millions of borrower will be impacted. Here's a breakdown.
On Friday, the Department of Education announced an indefinite pause on involuntary collections for defaulted borrowers.
Education Sec. Linda McMahon told reporters that wage garnishment for defaulted student-loan borrowers has "been put on pause for a bit."
At the current rate of processing, some borrowers with student loans eligible for loan forgiveness could be waiting many months, or even years, for a decision.
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