If there’s one thing student-loan borrowers are familiar with, it’s uncertainty — and there’s a lot of that right now.
Around the time it was set to take effect in early January, President Donald Trump’s Department of Education announced that it was pausing wage garnishment and tax refund seizures for defaulted student-loan borrowers. This gives borrowers behind on payments more time to find a way back to good standing, but it’s unclear how much time they’ll have.
As to when that pause will lift, not even servicers appear to know. An employee at a major student-loan servicer told Business Insider that they received communications about the pause just days before it was announced to the public, and they do…