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Trump to Resume Collection of Defaulted Student Loans

Defaulted student loans will go to collections. Here’s what borrowers need to know

The federal Department of Education is cracking down on student loan debt. It will resume collecting defaulted payments soon.

USA TODAY on MSN · 23h

Collection of defaulted student loans to restart May 5 for first time since pandemic

Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of defaulting. That's about to change.

Barron's on MSN · 2d

The Government Will Restart Collecting On Defaulted Student Loans. It May Garnish Paychecks.

The U.S. Department of Education said Monday that it would resume collecting payments on defaulted federal student loans beginning May 5, a move likely to affect millions of people who borrowed money to pay for college.

2d

Federal government plans to go after delinquent student loans. What you can do

In two weeks, loan holders will start the process of seeking money from borrowers who have missed payments for 270 days or ...

1don MSN

Collections on millions of student loans risk slowing the economy, experts say

In all, some 42 million borrowers owe more than $1.6 trillion in student debt, according to the DOE. If the borrowers ...

10don MSN

Student Loans Update: Government May Garnish Millions of Borrowers' Wages

With protections lifted, borrowers behind on their payments may soon see up to 15 percent of their wages withheld.

3don MSN

Student-loan borrowers will see Social Security checks, tax refunds disappear over defaulted debt, Trump administration says

Millions of borrowers are behind on their student loans following the end of the pandemic pause and changes to the loan ...

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