India, May 2 -- The administration under Donald Trump's presidency says that it will resume collections on defaulted student loans for the first time since 2020, leaving millions of borrowers anxious across the nation. The U.S. Department of Education announced on April 21 that the office of Federal Student Aid will collect the defaulted student loans on May 5, which will take funds out of borrowers' tax refunds, Social Security benefits, and also wages.

Education Secretary Linda McMahon said, "Together, these actions will move the federal student loan portfolio back into repayment, which benefits borrowers and taxpayers alike." In a press release on April 21, the Education Department said that it would send notices of wage garnishment (...