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Millions of student loan borrowers brace for debt collectors starting in May

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Collections are resuming for the first time in five years, and could bit everything from Social Security to tax refunds.
The Trump administration's Education Department has been criticized for its aggressive collection tactics on federal student loans, even as it has been slow to implement loan forgiveness programs. The department has been accused of using harsh methods, such as wage garnishment and tax refund seizures, to collect on defaulted loans, while at the same time, it has been slow to process applications for loan forgiveness programs, such as Public Service Loan Forgiveness and Borrower Defense to Repayment. The article highlights the case of a teacher who was denied loan forgiveness after 10 years of service, and a student who was defrauded by a for-profit college but has yet to receive loan forgiveness. The Education Department has defended its actions, saying it is trying to protect taxpayers from fraud and abuse, but critics say the department's actions are hurting borrowers who are struggling to repay their loans.

Read the Full Fortune Article at:
[ https://fortune.com/article/trump-education-department-collections-federal-student-loans-forgiveness/ ]