Unpaid Student Loans? Discover How the Department of Education is Addressing the Crisis!

The Department of Education is set to function as a collection agency for more than 5.3 million borrowers defaulting on their student loans, as per a strategy initiated by the Trump administration. They will seize wages, tax refunds, and federal pensions from these individuals. This staggering $1.6 trillion debt has mainly arisen from an extended grace period. Dr. Walter M. Kimbrough highlights the necessity of addressing broader income inequality regarding loan repayment. The typical borrower requires 20 years to repay, while some professionals face over 45 years of debt.