About this episode
On May 5, the federal government began collecting on its defaulted student loan portfolio for the first time since March 2020 for approximately five million borrowers in default. As part of its collection efforts, the Trump administration says it will garnish wages, tax refunds, and federal benefits of defaulted student loan borrowers. After collections resumed, approximately 2.2 million had their credit scores drop by 100 points or more, potentially impacting their ability to secure housing, insurance, car loans, and employment. Ad-free podcasts are here! Many listeners have been asking for an ad-free version of this podcast that they could subscribe to — and we finally launched it . You can go to ReadTangle.com to sign up! You can read today's podcast here , our “Under the Radar” story here and today’s “Have a nice day” story here . Take the survey: What do you think of student debt repayment? Let us know ! Disagree? That's okay. My opinion is just one of many. Write in and let us know why, and we'll consider publishing your feedback. You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here. Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall. This podcast was written by Isaac Saul and Ari Weitzman, and edited and engineered by Dewey Thomas. Music for the podcast was produced by Diet 75. Our newsletter is edited by Managing Editor Ari Weitzman, Senior Editor Will Kaback, Hunter Casperson, Kendall White, Bailey Saul, and Audrey Moorehead. Hosted on Acast. See acast.com/privacy for more information.