Trump officials may be seizing student loan tax refunds without warning: Here’s why it matters to millions
Trump administration officials may be seizing student loan borrowers’ tax refunds without providing the required 60-day notice, putting around 10 million Americans at risk. Lawmakers warn this practice could cause financial hardship, as many borrowers have not received recent warnings due to staffing cuts at the Education Department. Critics say outdated notices are being used, raising concerns about borrower protections and the accuracy of contact information, as reported by CNBC.
Trump administration officials may be seizing student loan borrowers’ tax refunds without providing the required 60-day notice, putting around 10 million Americans at risk. Lawmakers warn this practice could cause financial hardship, as many borrowers have not received recent warnings due to staffing cuts at the Education Department. Critics say outdated notices are being used, raising concerns about borrower protections and the accuracy of contact information, as reported by CNBC.
