The Education Department says millions of borrowers in default will have a chance to make a payment or sign up for a repayment plan. But on May 5, those who don't will be referred for collection.

Student loan collections will resume in the United States on May 5 after a five year pause. Here's what Tennessee residents should know.

The restart comes as part of the Trump administration's "focus on recouping payments from defaulted student loan borrowers" and reversal of Biden-era policies, said CNBC. It is estimated that "more than 5 million borrowers are currently in default,