Trump administration delays student loan collections, giving borrowers time to get current and protect refunds
The Trump administration has delayed forced collections on defaulted federal student loans, giving borrowers temporary relief from wage garnishment, tax refund seizures and benefit offsets. The Department of Education said the pause will help implement recent system changes and allow borrowers time to get loans back into good standing. Experts told the CNBC borrowers should act quickly by filing tax returns, consolidating loans, rehabilitating debt and enrolling in affordable income-driven repayment plans.
