FROM THE ONSET of the pandemic until today, the terms of federal student loan repayment have changed over and over again. It is often forgotten that President Trump was the first to pause payments through the CARES Act, signed in March 2020. But it was President Biden who tried to put a stake in the heart of student debt, forgiving most of it only to see the Supreme Court deny him the right to do so.
In his second term, President Trump has concluded that it’s time to collect on the debt. The administration announced in early May that it is resuming aggressive collections on defaulted federal student loans. The government is threatening to garnish wages, tax refunds, and Social Security benefits from those who fail to…
