05/15/2025
Dire emails from the U.S. Department of Education flooded the inboxes of millions of defaulted federal student loan borrowers during the last week, warning that the government is preparing to seize a portion of their earnings. The notices followed a formal announcement the department made last month indicating that government officials would quickly step up collections efforts against defaulted borrowers.
More than five million borrowers are currently in default on their federal student loans, according to the department. But that figure may double by the end of the year as millions of additional borrowers have already begun falling behind on their monthly payments.
Here’s what to know about these latest threats against student loan borrowers, and how to protect your earnings: https://trib.al/Ri17mo4
(Photo: Jim Watson/AFP via Getty Images)