Borrowers who fall behind on federal student loan debt payments will receive temporary relief, as the Trump administration is putting a stop to its collection efforts amid the ongoing national emergency.
According to a new directory released on Wednesday, the U.S. Department of Education will stop referring defaulted student loan borrowers to the U.S. Department of Treasury, which has the authority of seizing the borrowers’ federal income tax refunds and Social Security payments, and applying those witholdings toward loan repayments. The pause on collection will last for at least 60 days from March 13, when President Donald Trump declared a national emergency.
