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Government to resume collections on defaulted student loans
The Department of Education is set to resume collections on defaulted federal student loans, ending a pause that's been in place since 2020. Starting May 5, the agency will partner with the Treasury Department to begin collecting these overdue payments.
In two weeks, loan holders will start the process of seeking money from borrowers who have missed payments for 270 days or ...
In all, some 42 million borrowers owe more than $1.6 trillion in student debt, according to the DOE. If the borrowers ...
With protections lifted, borrowers behind on their payments may soon see up to 15 percent of their wages withheld.
This article provides an overview of how to manage student loans through consolidation and refinancing. It also discusses ...
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