Federal student loan borrowers in default could soon see their wages garnished or Social Security checks withheld after Jan. 7.

The IRS provides student loan interest deduction that lets borrowers subtract some of the payments from their taxable income. Find out if you're eligible.

The first change applies to students attending less than full time. Until now, part-time students have had the same loan maximums as full-time students. Starting in the 2026-27 academic year, though, annual limits will be reduced for students enrolled less than full time.

Student loan borrowers are being warned that their tax refunds could be seized if they are behind on payments.