Education Department to resume collecting student loans in default
1 min read
Photo: Department of Education sign, Lyndon Baines Johnson building, Washington, DC – February 7, 2025. Photo credit: G. Edward Johnson via Wikimedia. CC BY 4.0 (No modifications). Article by Piper Hudspeth Blackburn. CNN – April 22, 2025.
(CNN) — The Department of Education announced on Monday that it will restart collecting federal student loans in default on May 5, ending a pandemic-era pause that began roughly five years ago. More than 5 million borrowers are in default, the department said in a news release. Federal student loans go into default after 270 days without payment. “American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,” Education Secretary Linda McMahon said in a statement. […]
Click here to view original web page at www.cnn.com
Related articles:
Here’s What the Student Loans Announcement Means for You if You’re in Default – Men’s Journal
Will your student loans be sent to collection? What to know about Education Department changes – The Hill
Student loan borrowers in default face garnished wages, Education Department says – CBS News