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Roughly 5.3 million borrowers are in default on their federal student loans and soon could be subject to having their wages garnished. Referrals for collection had been put on hold since March ...

The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers,officials said Monday.

Currently, roughly 5.3 million borrowers are in default on their federal student loans. Referrals for collection had been put on hold since March 2020. The U.S. Department of Education building is ...