Finance ❯Debt ❯Student Debt ❯Loan Repayment

Default Consequences

Federal Student Loan Collections Resume After Five-Year Pause

Over 5.3 million borrowers in default face wage garnishment, tax refund seizures, and other penalties under renewed enforcement measures.

U.S. Resumes Collections on Defaulted Student Loans, Impacting Millions

Student Loan Collections to Resume May 5 After Five-Year Pause