Student loans to go to Treasury Department
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If you collect Social Security and you are behind on a federal student loan, the past year has been a slow-motion policy watch. As of March 2026: garnishment is still paused, but the clock is ticking toward a resumption date tied to a new repayment plan launching this summer.
In an ominous sign for student loan borrowers, the Education Department published new data indicating that backlogs for repayment plans and loan forgiveness are ongoing.
Most student loan borrowers can answer student loan questions themselves with free resources. However, in some cases with more complicated legal and financial situations, paid help may be necessary.
You may be surprised to see that your student loan balance is higher than the amount you originally borrowed, even if you've made on-time payments and haven't taken out more loans
The findings show almost a quarter (23%) owe more than £20,000 above their original loan amount, with one in ten owing at least £40,000 more than they borrowed.