October 30, 2024

Education Dept. Will Stop Collecting On Student Borrowers In Default

Author: Elissa Nadworny
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U.S. Secretary of Education Betsy DeVos testifies on Capitol Hill on Dec. 12.

Borrowers who have defaulted on their federal student loans will get a temporary reprieve from having their wages, Social Security benefits and tax refunds garnished by the federal government.

(Image credit: Alex Wong/Getty Images)

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