Trump administration to delay wage garnishment from student loan borrowers in default

The Department of Education on Friday announced a delay in its plans to garnish the wages of defaulted student-loan borrowers while the Trump administration works on major reforms to repayment programs.The agency said the delay will allow more time for reforms that seek to simplify repayment options for borrowers as well as provide an additional opportunity for borrowers in default to rehabilitate their loans.Earlier this month, the administration signaled it would begin sending notices to student loan borrowers in default informing them that wage garnishment would begin in 30 days. Those notices also inform borrowers of options to deal with the defaulted loan.This is a developing story. Please check back for updates.Weiter zum vollständigen Artikel bei FOX Business Weiter zum vollständigen Artikel bei FOX Business