A report from Axios indicates ongoing discussions within the Department of Education about the intensity and timeline for pursuing borrowers struggling to make payments. The U.S. Department of Education has identified that over 5 million borrowers are already in default, facing potential wage and tax refund garnishments if they fail to resume payments.
In New York State alone, 2.5 million borrowers owe an average of $39,000 each.
A student loan expert speaking to CBS6 offered advice.
————————————————–
Stay up to date with our social media:
X: cbs6albany
Facebook: cbs6albany
YouTube: @cbs6albany
https://cbs6albany.com/
Have a news tip? Email news@wrgb.com
WRGB is a NY based station and a CBS Television affiliate owned and operated by Sinclair Broadcast Group. Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country today. Sinclair owns and operates, programs or provides sales services to 163 television stations in 77 markets, after pending transactions. Sinclair’s television group reaches approximately 38.7% of US television households and includes FOX, ABC, MyTV, CW, CBS, NBC, Univision and Azteca affiliates.
#WRGB #CBS6Albany #News #ALBANY
Get a job and pay your loan????
Very simple. You take out a loan, you pay that loan back.
Merci pour votre transparence ! Comment décidez-vous des aspects de votre vie personnelle à inclure dans votre contenu ? ????????
Thank you for such interesting ideas! Your videos are always inspiring! ????????