Next month the Education Department will begin collection on federal student loans that are in default, including the garnishing of wages for potentially 5.3 million borrowers. "American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies," Education Secretary Linda McMahon, a Roman Catholic convert and former Wrestlemania CEO, crowed. The US Dept of Education have previously deployed their SWAT team to collect on student loan defaults. financialpost.com
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