startquestionstalksour storystories
tagspreviousget in touchlatest

Department of Education Pauses Garnishment of Social Security Benefits for Defaulted Student Loans

June 4, 2025 - 06:15

Department of Education Pauses Garnishment of Social Security Benefits for Defaulted Student Loans

In a significant shift, the Department of Education has announced that it will pause its plans to garnish Social Security benefits from individuals with defaulted student loans. This decision comes as a relief to many borrowers who rely on these benefits for their daily living expenses. The move reflects ongoing concerns about the financial strain that such garnishments could impose on vulnerable populations, particularly retirees and those with disabilities.

The garnishment of Social Security benefits for student loan defaults has been a contentious issue, with advocates arguing that it disproportionately affects individuals who are already facing economic hardships. By halting these plans, the Department aims to reassess the impact of such actions and explore alternative solutions that would allow borrowers to manage their debts without jeopardizing their essential income.

This pause is seen as a temporary measure, and discussions are expected to continue regarding the future of student loan policies and their implications for borrowers reliant on Social Security.


MORE NEWS

Chairman Kevin Warsh: Financial markets work less efficiently when they consider what Fed thinks

June 18, 2026 - 00:10

Chairman Kevin Warsh: Financial markets work less efficiently when they consider what Fed thinks

Federal Reserve Chairman Kevin Warsh argued on Wednesday that financial markets become less efficient when traders and investors spend too much time guessing what the central bank will do next....

City Council rejects first reading of budget, amendment approved to finance Ajax Turner non-profit

June 17, 2026 - 02:28

City Council rejects first reading of budget, amendment approved to finance Ajax Turner non-profit

The City Council held its second first reading of the Fiscal Year budget on Tuesday night, but the outcome mirrored the previous session. Despite cutting more than $697,000 in proposed spending,...

'El Jefe' speaks: forget about 2008, it's really more like 2004

June 16, 2026 - 22:13

'El Jefe' speaks: forget about 2008, it's really more like 2004

The most senior chief financial officer among New York-listed companies has a message for investors who are bracing for a repeat of the 2008 financial crisis: calm down. According to the executive,...

RBA interest rate decision live: Aussies 'forced into hibernation' brace for year of pain

June 16, 2026 - 07:40

RBA interest rate decision live: Aussies 'forced into hibernation' brace for year of pain

The Reserve Bank of Australia has announced its latest cash rate decision, keeping interest rates on hold at 4.35 percent. The move was widely expected by economists, but it offers little relief...

read all news
startquestionstalksour storystories

Copyright © 2026 PayTaxo.com

Founded by: Yasmin McGee

tagseditor's choicepreviousget in touchlatest
your datacookie settingsuser agreement