Education Department to resume collections on defaulted federal student loans - Search News

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Federal student loan collection resumes

Student Loan Debt Collection Resumes For Defaulted Borrowers After 5-Year Pause

Wage garnishment for defaulted student loans has officially resumed. Here’s who’s at risk, how it works, and what borrowers can do to avoid losing part of their paycheck.

CBS News on MSN · 13d

Collection for defaulted student loans resumes, impacting millions

TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.

Washington Examiner on MSN · 13d

Education Department resumes collecting loans for 5 million borrowers in default

Currently, 5 million borrowers are in default, which is when they haven’t paid on their loans in over 270 days.

FOX 2 Detroit on MSN13d

Defaulted federal student loan collections resume, sparking anxiety for many

It comes nearly five years after the federal government paused the loan payments and interest as a relief effort during the Covid pandemic.

Student loan default collection resumes after 5 years

(CNN) - Millions of people who borrowed money for their education are at risk of having their benefits or wages garnished ...

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