A boomer who can't afford to retire is facing a big money dilemma: Start paying a $1,414 student-loan bill or lose part of his paycheck

Student-loan borrowers behind on payments are facing involuntary collections after a five-year pause.

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• Trump restarted collections on defaulted student loans on May 5, after a five-year pause.
• James Southern, 63, is facing a $1,414 bill on his student loans.
• He can't afford to pay it, and he risks falling into default and having his wages garnished.

At the end of March, James Southern received a warning from his student-loan servicer stating...