A Millennial With $55K in Student Loans Is Postponing Having Kids

With Americans reeling from high consumer prices, the federal government will suspend tax refund seizures and wage garnishments for people in default on their student loans, the Education Department said Friday.
The action dials back the Trump administration’s recent decision to resume involuntary collections after a nearly six-year suspension because of the pandemic.
The suspensions take effect immediately, with no defined end date. The move offers relief to the millions of Americans in default but means the government is losing out on billions of dollars.
The Education Department said Friday that the temporary suspension will help the agency implement student loan repayment reforms to give borrowers more options to repay their loans and give defaulted borrowers more time to rehabilitate their loans. The tax bill that President Donald Trump signed into law last year calls for the creation of new repayment plans, while phasing out a few existing ones starting July 1.