Congress has passed a sweeping bill that overhauls student loan repayment options, replacing existing plans with less favorable terms. Critics warn these changes could worsen financial insecurity for millions of borrowers.
The Trump administration is set to resume collections on defaulted student loans for the first time in five years, impacting millions of borrowers. With wage garnishments and tax refund seizures on the horizon, many are left anxious and confused about their repayment options.
