this post was submitted on 23 Apr 2025
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"Most borrowers … they're not in danger of delinquency today, but in five months, they could be," says Scott Buchanan, executive director of nonprofit trade group Student Loan Servicing Alliance. "And so taking action today is pretty important."

In a press release on Monday, the Education Department said it will send notices of wage garnishment — seizing up to 15% of a borrower's disposable income — "later this summer." In the meantime, it is urging borrowers in default to start making monthly payments or enroll in an income-driven repayment plan.

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