Trump Administration To Restart Collections on Defaulted Student Loans
Education,Colleges And Universities,Trump Administration,Student Loans,Student Loan Debt,Department Of Education
On April 21, the Department of Education announced that it would resume collections on defaulted federal student loans, making a clear break from student loan policy under President Joe Biden, who consistently worked to forgive or pause federal student loan payments even as he faced legal defeat.
"American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies," Secretary of Education Linda McMahon said in a press release. "The Biden Administration misled borrowers: the executive branch does not have the constitutional authority to wipe debt away, nor do the loan balances simply disappear...
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