Department of Education Steps Up Efforts to Tackle All Delinquent Student Loan Debt

The Trump administration's bid to dismantle the Department of Education has taken a new turn. Officials revealed it will now oversee the recovery of overdue student loan debt, affecting 5.3 million borrowers and totaling nearly $1.6 trillion in taxpayer liability. As of May 5, involuntary collections will commence, impacting tax refunds, Social Security, and federal wages. Dr. Walter M. Kimbrough highlights the imperative to confront systemic income inequality as discussions on debt repayment advance, noting average borrowers may face repayment timelines exceeding 20 years.