Student Loan Borrowers Get Notices That Wages And Benefits Are About To Be Seized

Snippet of Article: "...Nearly 200,000 federal student loan borrowers were notified this week that their wages and benefits are about to be seized by the government. The warnings represent the first wave of involuntary collections actions that the Department of Education has initiated against borrowers in default on their federal student loans. “Starting today, approximately 195,000 defaulted student loan borrowers will begin receiving an official 30-day notice from the U.S. Department of Treasury notifying them that their federal benefits will be subjected to the Treasury Offset Program,” said the Department of Education in a statement on Monday. ..."

Source: www.forbes.com

federal student loan borrowers, Time To Pay Your Debt, Your Tax Dollars,

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Federal Employment and Student Loans

Article Title: Gov't repaying more student loans for employees

Snippet of Article: "...The federal government's loan repayment program started in 2002 as a recruitment and retention tool. Agencies can make repayments up to $10,000 annually, with maximum payouts of $60,000, but workers must sign an agreement to work for at least three years. ..."

Source: washingtonpost.com