India, April 22 -- Millions of students will receive significantly lower social security and tax refund payments starting May. The Trump administration announced that the Department of Education (DOE) will resume debt collection on defaulted loans after a year-long pause since the COVID-19 pandemic.

Starting May 2025, the Treasury Offset Program will be reinstated, allowing the government to withhold tax refunds, social security payments, and other benefits to recover unpaid student loans.

"American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies," Secretary Linda McMahon said on Monday.

"There will not be any mass loan forgiveness," the education department's announcement read.

Accord...