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Excerpt:The Trump administration is going to resume collecting student loan payments next month, with the Department of Education (DOE) announcing that the collection will include payments from borrowers who have defaulted on their loans. This comes as only 38 percent of all borrowers are current on their payments after former President Joe Biden introduced various measures to have taxpayers foot the bill on the loans.
Collections on student loans have been paused since March 2020, at the beginning of the Covid-19 pandemic, but they will be resuming on May 5 and over 5 million borrowers on default of the loans will have to start paying back their debts.
In a press release from the DOE, Education Secretary Linda McMahon said that “American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies.” During the Biden administration, the former president attempted in multiple different ways to expunge the debt of borrowers who took out student loans to go to college. This included attempts after the Supreme Court ruled against his actions. He argued that even though the “Supreme Court blocked” his student debt relief, “that didn’t stop” him from getting it done.
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