‘Even gambling addicts have more protections’ than student-loan borrowers – Business Insider

Borrowers who default on their student loans are pursued aggressively by the Department of Education and private debt collectors, facing garnished wages, withheld IRS tax returns, and decreased Social Security payments, Reuters reported. We treat struggling student-loan borrowers the same as deadbeat parents and tax cheats, Seth Frotman, a senior member of the Consumer Financial…

‘Even gambling addicts have more protections’ than student-loan borrowers – Yahoo7 News

Borrowers who default on their student loans are pursued aggressively by the Department of Education and private debt collectors, facing garnished wages, withheld IRS tax returns, and decreased Social Security payments, Reuters reported. “We treat struggling student-loan borrowers the same as deadbeat parents and tax cheats,” Seth Frotman, a senior member of the Consumer Financial…