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BakersRelay<p><a href="https://m.ai6yr.org/tags/StudentLoan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoan</span></a> <a href="https://m.ai6yr.org/tags/Trumpism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trumpism</span></a></p><p>From Reuters.com: Student loan quagmire frustrates borrowers - and alarms some Trump voters</p><p><a href="https://www.aol.com/news/student-loan-quagmire-frustrates-borrowers-114846466.html" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">aol.com/news/student-loan-quag</span><span class="invisible">mire-frustrates-borrowers-114846466.html</span></a></p>
Liam O'Mara IV, PhD<p>The <a href="https://mastodon.social/tags/StudentLoan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoan</span></a> system was created to keep people mired in debt and limit student radicalism, forcing them into viewing education as a career path. The financial system is rigged to keep the rich wealthy and slow or stop <a href="https://mastodon.social/tags/SocialMobility" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SocialMobility</span></a> (we rank 27th globally). <a href="https://mastodon.social/tags/CapitalismKills" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CapitalismKills</span></a></p>
Steve Dustcircle 🌹<p><a href="https://mastodon.social/tags/StudentLoan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoan</span></a> Expert: <br>Here Are the 6 Things <a href="https://mastodon.social/tags/Borrowers" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Borrowers</span></a> Should Do Now </p><p><a href="https://www.cnet.com/personal-finance/loans/im-a-student-loan-expert-here-are-the-6-things-borrowers-should-do-now/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">cnet.com/personal-finance/loan</span><span class="invisible">s/im-a-student-loan-expert-here-are-the-6-things-borrowers-should-do-now/</span></a></p>
Paul Chambers🚧<p>Social Security payments could shrink as much as 15 % in June, to as low as $750 per month, for some recipients who owe student loans, after the Trump Administration made a rule change.</p><p>An estimated 450K people over age 62 could be affected.</p><p><a href="https://oldfriends.live/tags/SocialSecurity" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SocialSecurity</span></a> </p><p><a href="https://www.nbcphiladelphia.com/news/business/money-report/social-security-checks-may-be-smaller-starting-in-june-for-some-as-student-loan-garnishments-begin/4198404/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nbcphiladelphia.com/news/busin</span><span class="invisible">ess/money-report/social-security-checks-may-be-smaller-starting-in-june-for-some-as-student-loan-garnishments-begin/4198404/</span></a></p><p>🔗 You can contact the government's Default Resolution Group and pursue several different avenues to get out of default, including enrolling in an income-driven repayment plan.</p><p>"If Social Security is their only income, their payment under those plans would likely be zero," president of non-profit The Institute of <a href="https://oldfriends.live/tags/StudentLoan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoan</span></a> Advisors said.<br><a href="https://myeddebt.ed.gov/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">myeddebt.ed.gov/</span><span class="invisible"></span></a></p><p><a href="https://oldfriends.live/tags/StudentLoans" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoans</span></a> </p><p>🔗 Rule change notice: <a href="https://www.ed.gov/about/news/press-release/us-department-of-education-begin-federal-student-loan-collections-other-actions-help-borrowers-get-back-repayment" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">ed.gov/about/news/press-releas</span><span class="invisible">e/us-department-of-education-begin-federal-student-loan-collections-other-actions-help-borrowers-get-back-repayment</span></a></p>
Steve Dustcircle 🌹<p><a href="https://mastodon.social/tags/SAVE" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SAVE</span></a> <a href="https://mastodon.social/tags/StudentLoan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoan</span></a> Borrowers Likely Won't Make Payments This Year, but Should Do This One Thing Now</p><p><a href="https://www.cnet.com/personal-finance/loans/save-student-loan-borrowers-likely-wont-make-payments-this-year-but-should-do-this-one-thing-now/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">cnet.com/personal-finance/loan</span><span class="invisible">s/save-student-loan-borrowers-likely-wont-make-payments-this-year-but-should-do-this-one-thing-now/</span></a><br><a href="https://mastodon.social/tags/education" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>education</span></a> <a href="https://mastodon.social/tags/studentloans" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>studentloans</span></a> <a href="https://mastodon.social/tags/college" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>college</span></a> <a href="https://mastodon.social/tags/university" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>university</span></a></p>
Steve Dustcircle 🌹<p><a href="https://mastodon.social/tags/StudentLoan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoan</span></a> Borrowers Should Do These 6 Things Before the Summer</p><p>Here's how to take charge of your <a href="https://mastodon.social/tags/studentloans" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>studentloans</span></a> as collections processes ramp up and <a href="https://mastodon.social/tags/debtrelief" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>debtrelief</span></a> options narrow.</p><p><a href="https://www.cnet.com/personal-finance/loans/student-loan-borrowers-should-do-these-6-things-before-the-summer/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">cnet.com/personal-finance/loan</span><span class="invisible">s/student-loan-borrowers-should-do-these-6-things-before-the-summer/</span></a></p>
FunGuy2PlayWith<p>Millions of Americans hit with bad credit after missed <a href="https://mastodon.online/tags/studentloan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>studentloan</span></a> payments</p><p>The credit score drop is akin to filing for bankruptcy, and some borrowers are finding out when they try to get car loans or rent apartments. <a href="https://mastodon.online/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a> </p><p><a href="https://mastodon.online/tags/GiftedArticle" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GiftedArticle</span></a> </p><p><a href="https://wapo.st/3ShGEHl" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">wapo.st/3ShGEHl</span><span class="invisible"></span></a></p>
Steve Dustcircle 🌹<p>The <a href="https://masto.ai/tags/StudentLoan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoan</span></a> Payment Mess Is About to Get Worse </p><p><a href="https://thedispatch.com/article/student-loan-repayments-resume-garnishment-explained/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">thedispatch.com/article/studen</span><span class="invisible">t-loan-repayments-resume-garnishment-explained/</span></a></p>
Kevin Dominik Korte<p>"Does it sound too good to be true?" That is a critical question when detecting scams. Unfortunately, many student loan borrowers have to ask themselves this question.<br><a href="https://fosstodon.org/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cybersecurity</span></a> <a href="https://fosstodon.org/tags/scam" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>scam</span></a> <a href="https://fosstodon.org/tags/studentloan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>studentloan</span></a><br><a href="https://katv.com/community/little-rock-arc/cybersecurity-expert-warns-borrowers-about-student-loan-repayment-scams-karin-zilbertstein-a-cybersecurity-expert-and-vice-president-of-guardio-warns-borrowers-to-be-careful" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">katv.com/community/little-rock</span><span class="invisible">-arc/cybersecurity-expert-warns-borrowers-about-student-loan-repayment-scams-karin-zilbertstein-a-cybersecurity-expert-and-vice-president-of-guardio-warns-borrowers-to-be-careful</span></a></p>
Jeff<p>I, like probably most people, have assumed that student loan debt impacts mostly younger people. And I already knew that lots of people are paying off student loan debt for 10 or 15 years, productive time that they should be spending contributing to the economy and building wealth rather than being strangled by debt.</p><p>It is absurd to think that there are people paying off student loan debt in retirement, having their social security garnished. Yet here we are. <br><a href="https://apnews.com/article/student-loans-debt-social-security-67a3a50a90aee3e6dda1ae4428094f97" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">apnews.com/article/student-loa</span><span class="invisible">ns-debt-social-security-67a3a50a90aee3e6dda1ae4428094f97</span></a></p><p>College and education should be free for all.</p><p><a href="https://sfba.social/tags/studentloan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>studentloan</span></a> <a href="https://sfba.social/tags/college" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>college</span></a> <a href="https://sfba.social/tags/education" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>education</span></a></p>
Steve Dustcircle 🌹<p><a href="https://mastodon.social/tags/StudentLoan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoan</span></a> <a href="https://mastodon.social/tags/Collections" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Collections</span></a> Are Back And They’re Hitting Harder Than Expected </p><p><a href="https://www.boredpanda.com/student-loan-debt-collection-problems/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">boredpanda.com/student-loan-de</span><span class="invisible">bt-collection-problems/</span></a></p>
Kevin Darty<p>The Mad King is coming after you and your Student Loans. </p><p>Trump administration to garnish wages of 5.3 million defaulted student loan borrowers this summer</p><p><a href="https://hachyderm.io/tags/studentloan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>studentloan</span></a> <a href="https://hachyderm.io/tags/studentloans" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>studentloans</span></a> <a href="https://hachyderm.io/tags/money" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>money</span></a></p><p><a href="https://www.cnbc.com/2025/05/06/how-soon-defaulted-student-loan-borrowers-may-face-collections.html" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">cnbc.com/2025/05/06/how-soon-d</span><span class="invisible">efaulted-student-loan-borrowers-may-face-collections.html</span></a></p>
JamesWNeal<p>If you don&#39;t even talk about principal vs. interest, you shouldn&#39;t be talking about whether the &quot;loan&quot; still needs to be paid back. If you don&#39;t know what the interest rate is, you don&#39;t know if a loan is predatory.</p><p>But hey.</p><p>(DOE) U.S. Department of Education to Begin Federal Student Loan Collections, Other Actions to Help Borrowers Get Back into Repayment<br />Collections to Restart May 5th, Struggling Borrowers Urged to Act Now <a href="https://mstdn.social/tags/studentloan" class="mention hashtag" rel="tag">#<span>studentloan</span></a> <a href="https://mstdn.social/tags/studentdebt" class="mention hashtag" rel="tag">#<span>studentdebt</span></a> </p><p><a href="https://www.ed.gov/about/news/press-release/us-department-of-education-begin-federal-student-loan-collections-other-actions-help-borrowers-get-back-repayment" target="_blank" rel="nofollow noopener" translate="no"><span class="invisible">https://www.</span><span class="ellipsis">ed.gov/about/news/press-releas</span><span class="invisible">e/us-department-of-education-begin-federal-student-loan-collections-other-actions-help-borrowers-get-back-repayment</span></a></p>
Steve Dustcircle 🌹<p><a href="https://masto.ai/tags/StudentLoan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoan</span></a> <a href="https://masto.ai/tags/DebtCollectors" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DebtCollectors</span></a> Are Coming for Your <a href="https://masto.ai/tags/Paycheck" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Paycheck</span></a></p><p><a href="https://www.thecut.com/article/student-loan-default-delinquent-forced-collection.html" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">thecut.com/article/student-loa</span><span class="invisible">n-default-delinquent-forced-collection.html</span></a></p>
Steve Dustcircle 🌹<p><a href="https://masto.ai/tags/HouseRepublicans" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>HouseRepublicans</span></a> Propose Major Cuts to <a href="https://masto.ai/tags/StudentLoan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoan</span></a> and <a href="https://masto.ai/tags/PellGrant" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PellGrant</span></a> Programs </p><p><a href="https://www.nclc.org/house-republicans-propose-major-cuts-to-student-loan-and-pell-grant-programs/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nclc.org/house-republicans-pro</span><span class="invisible">pose-major-cuts-to-student-loan-and-pell-grant-programs/</span></a></p>
Arthur Zork 👾 (They/Them)<p>"Borrowing money and failing to pay it back isn’t a victimless offense. Debt doesn’t go away; it gets transferred to others. If borrowers don’t pay their debts to the government, taxpayers do." -Linda McMahon, <a href="https://mstdn.party/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a>'s Education Secretary, on starting Fed <a href="https://mstdn.party/tags/StudentLoan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoan</span></a> collections but hypocritically ignoring far more expensive taxpayer funded PPP <a href="https://mstdn.party/tags/loanForgiveness" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>loanForgiveness</span></a>.<br><a href="https://www.msnbc.com/opinion/msnbc-opinion/linda-mcmahon-student-loan-debt-rcna202388" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">msnbc.com/opinion/msnbc-opinio</span><span class="invisible">n/linda-mcmahon-student-loan-debt-rcna202388</span></a></p>
Rachel<p>Hey just want to clear something up because I’m seeing a lot of panic around student loans and wage garnishment, and I think some of it is coming from misinformation (probably amplified by some fearmongering voices on the far left 😬<span>).<br></span>👉<span> If you're NOT in default on your federal student loans, you are not at risk of wage garnishment or aggressive collections.<br>Default means you've gone 270+ days without a payment, so unless that’s you, this does not apply.<br>Most people I know (and I’m guessing many of you too) are on Income-Driven Repayment (IDR) plans, possibly even with $0 payments due, and those are totally fine. I'm on one myself — low interest, paused payments, and fully in good standing. No collections, no threats, no drama.<br>What’s actually happening:<br></span>🔹<span> Starting May 5, 2025, the Department of Education is resuming collections — but only on loans that are in DEFAULT.<br></span>🔹<span> That could include things like wage garnishment, but only for people who haven’t made a payment in nearly a year.<br></span>🔹 Official source here: <a href="https://www.ed.gov/about/news/press-release/us-department-of-education-begin-federal-student-loan-collections-other-actions-help-borrowers-get-back-repayment" rel="nofollow noopener" target="_blank">https://www.ed.gov/about/news/press-release/us-department-of-education-begin-federal-student-loan-collections-other-actions-help-borrowers-get-back-repayment</a><span><br>If you're unsure, log in at studentaid.gov and check your status. If you’re on an IDR plan and in good standing, you're fine. Don’t let the noise mess with your peace of mind.<br>Stay informed, and don’t let the propaganda (left or right) run your life </span>💙<span><br><br></span><a href="https://transfem.social/tags/studentloan" rel="nofollow noopener" target="_blank">#studentloan</a> <a href="https://transfem.social/tags/wagegarnishment" rel="nofollow noopener" target="_blank">#wagegarnishment</a> <a href="https://transfem.social/tags/loandefault" rel="nofollow noopener" target="_blank">#loandefault</a> <a href="https://transfem.social/tags/forbearance" rel="nofollow noopener" target="_blank">#forbearance</a> <a href="https://transfem.social/tags/idr" rel="nofollow noopener" target="_blank">#idr</a> <a href="https://transfem.social/tags/misinformationwars" rel="nofollow noopener" target="_blank">#misinformationwars</a></p>
StacesCases2 🇨🇦 📎<p>Federal <a class="hashtag" href="https://bsky.app/search?q=%23StudentLoan" rel="nofollow noopener" target="_blank">#StudentLoan</a> borrowers who have defaulted on their loans face harsh consequences. The U.S. <a class="hashtag" href="https://bsky.app/search?q=%23DepartmentofEducation" rel="nofollow noopener" target="_blank">#DepartmentofEducation</a> announced that it will resume involuntary debt collection on defaulted federal student loans starting May 5, 2025. <a class="hashtag" href="https://bsky.app/search?q=%23FuckTrump" rel="nofollow noopener" target="_blank">#FuckTrump</a>. <a href="https://www.forbes.com/sites/shaharziv/2025/04/21/student-loan-borrowers-beware-wage-garnishment-resumes-in-may/" rel="nofollow noopener" target="_blank">www.forbes.com/sites/shahar...</a><br><br><a href="https://www.forbes.com/sites/shaharziv/2025/04/21/student-loan-borrowers-beware-wage-garnishment-resumes-in-may/" rel="nofollow noopener" target="_blank">Student Loan Borrowers Beware:...</a></p>
Bruce Mirken<p>"As it’s torn through Washington’s bureaucracy, the <a href="https://mas.to/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a> administration has taken major steps to gut oversight of federal <a href="https://mas.to/tags/StudentLoan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoan</span></a> servicers, raising questions about who will protect borrowers from errors by the massive government contractors that collect their monthly payments." <br><a href="https://finance.yahoo.com/news/how-trump-has-wiped-out-the-teams-that-protect-student-borrowers-173450503.html" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">finance.yahoo.com/news/how-tru</span><span class="invisible">mp-has-wiped-out-the-teams-that-protect-student-borrowers-173450503.html</span></a></p>
Kay<p>Forbes: <a href="https://mstdn.party/tags/StudentLoan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoan</span></a> Payments May Skyrocket Next Month For <a href="https://mstdn.party/tags/Married" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Married</span></a> Borrowers, Suggests <a href="https://mstdn.party/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a> Administration<br><a href="https://mstdn.party/tags/Maga" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Maga</span></a></p><p><a href="https://www.forbes.com/sites/adamminsky/2025/04/12/student-loan-payments-may-skyrocket-next-month-for-married-borrowers-suggests-trump-administration/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">forbes.com/sites/adamminsky/20</span><span class="invisible">25/04/12/student-loan-payments-may-skyrocket-next-month-for-married-borrowers-suggests-trump-administration/</span></a></p>