The new year brings new payment requirements for Arkansans and others who have student loans in default.
The U.S. Department of Education is sending notices of administrative wage garnishments to people who have not made a payment on their student loan in 270 days. According to the Education Data Initiative, Arkansans have more than $13 billion in student loan debt.
Jack Wallace, director of government and lender relations for the student loan refinancing firm Yrefy, said borrowers who are behind on their payments should be proactive…