Trump will restore student debt collection as of May 5

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Trump will restore student debt collection as of May 5

“American taxpayers They will no longer be affected by irresponsible policies On student loans, ”said the Secretary of Education, Linda McMahon.

According to data from the Department of Education, 42.7 million people They owe more than US $ 1.6 billion to the government in loans received to finance higher studies.

More than five million borrowers They are non -payment, a figure that could increase to 10 million in the coming months.

Read more: former US officials.

The department announced that, as of Monday, May 5all borrowers in Mora will receive notifications to restore their monthly payments. It was also reported that at the end of next summer the salary embargoes will begin to the Moors.

According to the institution, the resumption of these charges protect taxpayers from assume the cost of student loans that the borrowers voluntarily accepted to finance their higher education.

The student borrower protection center, a student defending organization, declared that this announcement is “Cruel, unnecessary and will further fuerd the economic chaos suffered by the country’s working families. ”

The Department of Education stopped collecting federal student loans in March 2020, when a grace period began during the Covid-19 pandemic.

The previous administration of Joe Biden (2021-2025) promoted several attempts to condemn the student debt to millions of people, but these measures were disputed in the courts by the states governed by Republicans.

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