A new chapter for student loans starts with wage garnishment being considered.
Beginning Monday, borrowers with defaulted student loans will face aggressive collection efforts backed by the government, marking a significant shift after long periods of suspension and relief measures initiated during the Biden administration. As of May 5th, tax refunds, Social Security payments, and even wages can be garnished, following a five-year hiatus on such severe […]
More US shoppers buying groceries with ‘buy now, pay later’ loans
Research shows that more and more Americans are relying on groceries for “buy now, pay later” loans for food. A surprising trend is created as low-income consumers also pay their bills late, according to an April survey by LendingTree. A survey that reached 2,000 consumers between April 2nd and April 2nd between April 2nd, between […]
Student loans in default will be referred to debt collection next month: Trump’s DOE
The Department of Education announced Monday it will resume its collection of student loan debt for next month, including decorating wages for default borrowers. The collection, which has been suspended since March 2020, will resume on May 5th and is expected to affect around 5.3 million borrowers now with federal student loan defaults. “U.S. taxpayers […]
Education Department to restart collections on defaulted federal student loans
The Department of Education announced Monday that it will resume collections on May 5th with default federal student loans. The federal agency said more than five million borrowers are defaulting over a year, and sometimes over seven years, and not making monthly payments. Default student loans have not been collected since March 2020, when it […]
Education Dept. to resume collections on defaulted federal student loans for first time since 2020
The Ministry of Education is poised to resume its default federal student loan collection in May for the first time since 2020. The first Trump administration suspended introducing federal student loans to collections in March 2020 at the start of the Covid-19 pandemic, but the extension has led Trump administration officials to worry that their […]
College football news: Former Kent State coach took massive loans from booster
Research shows that former Kent State coach Kenni Burns has earned more than $100,000 in loans from the booster. That booster was also a school vendor. Burns was placed on administrative leave in March and was fired on April 11th. Kent never publicly gave Burns any reason to publicly decide whether he was placed on […]
Facing financial jeopardy, clinics sue to stop UnitedHealth from collecting on emergency loans – Star Tribune
In one case, more than 60 patients are plaintiffs seeking financial damages or other relief for alleged loss of privacy and other harm. The second complaint seeks damages related to the massive hack that sparked anger among lawmakers at last year’s Congressional hearing. “The healthcare change defendant failed to implement reasonable security procedures and practices […]
HUD Ends FHA-Backed Loans for ‘Non-Permanent Residents,’ Closes Illegal Alien Loophole
Housing and Urban Development Agency (HUD) Scott Turner has announced that the “non-permanent residents” Federal Housing Administration (FHA) will be ending the insurance mortgage, effectively eliminating illegal alien access to taxpayer-funded programs. HUD overturned Biden-era policies on Wednesday, further filling the gap that allowed illegal immigrants to buy American homes on FHA-backed loans. I said […]
DOGE Discovered More Than $300 Million in SBA Loans to Kids
Elon Musk revealed that the government's Office of Efficiency (DOGE) has discovered that the Office of Small Business (SBA) has given over $300 million in loans to children under the age of 11. Inside the cabinet Meeting At the White House on Monday, President Donald Trump spoke about how his administration has made many “cuts” […]
HHS, SBA to Take Charge of Student Loans, Special Needs Programs
President Donald Trump has made it clear that the Small Business Administration (SBA) and the Department of Health and Human Services (HHS) will take over specific programs related to student loans, special needs and nutrition. Trump's announcement He comes the day after he signs an executive order directing Linda McMahon, the Secretary of the Department […]