Trump resumes collections on student loans.
Tangle
Isaac Saul
4.8 • 672 Ratings
🗓️ 29 May 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
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.
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Transcript
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| 0:35.2 | From executive producer Isaac Saul, this is Tangle. |
| 0:40.7 | This is Tangle. |
| 0:44.7 | Good morning, good afternoon and good evening and welcome to the Tangal podcast, the place we get |
| 0:55.0 | views from across the political spectrum, some independent thinking, and a little bit of my take. |
| 0:59.5 | I'm your host, Isaac Saul, and on today's episode, we're going to be talking about student loan |
| 1:04.4 | repayments beginning again. That is right, student debt collections are starting up. |
| 1:10.1 | We're going to break down some arguments from the left and the right on that story. |
| 1:13.7 | And then today we have something a little different. |
| 1:15.7 | Ari Weitzman, Tangle Managing Editor, is going to be giving his take on today's topic. |
| 1:21.8 | That is happening for a few reasons. |
| 1:23.3 | One of them, the big one, I guess, is that I'm head down working on this piece that's coming out tomorrow about the war in Gaza and Israel and Zionism and just where my head is at today on this really difficult issue. |
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