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US Politics

US Politics

Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume

CNBC
Summary
Nutrition label

80% Informative

For the first time in roughly five years , borrowers who defaulted on their federal student loan debt will face collection activity.

The Biden administration has eliminated most collection fees on federal student loans.

The Department of Education memo directs its Federal Student Aid office to continue the Biden administration's work to avoid defaults.

VR Score

86

Informative language

89

Neutral language

32

Article tone

formal

Language

English

Language complexity

63

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links