7 Million Bad Student Loans With No Way Out, for Anyone

There are hidden costs, even when the government is able to collect the money.

One of the department’s most successful — and draconian — collection mechanisms is the Treasury Offset Program, which garnishes government payments. In 2019, the Treasury Department seized nearly $4.9 billion from tax refunds and other payments to go toward student loan debt, according to an analysis of Treasury data by the Seldin/Haring-Smith Foundation. The…