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Government to resume collection of defaulted Student Loans

CNBC on MSN · 1d

If you're behind on student loan payments, the government could take money out of your paycheck—what to do if you can’t afford to pay

The hammer is coming down on federal student loan borrowers who haven't been making payments. The Department of Education on Monday announced it would resume "involuntary" collections for federal borrowers with defaulted loans on May 5.

Insider on MSN · 22h

As the government prepares to collect on defaulted student loans, a financial planner has advice to lower your monthly payment

The government is preparing to start collecting on student loans in default. Before that happens, a financial planner has advice on what to do.

USA TODAY on MSN · 2d

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.

2d

Federal government resumes collection on student debt. What you should know

The U.S. Department of Education announced on Monday that it will begin collecting on defaulted student loan payments ...

3don 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 ...

4don 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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