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Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of defaulting.
Currently, around 42 million Americans hold federal student loans and roughly 5.3 million borrowers are in default.
“Borrowers will now be expected to repay their loans, and those who don’t will face involuntary collections,” White House ...
In two weeks, loan holders will start the process of seeking money from borrowers who have missed payments for 270 days or ...
A federal student loan is considered in default after 270 days of non-payment. Borrowers can check their loan status by ...
Starting next month, the Education Department says student loans that are in default will be referred for collections.
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The U.S. Department of Education said Monday that it would resume collecting payments on defaulted federal student loans ...
The U.S. Department of Education is set to resume collecting student loans in default. Collections for student loans start ...
“Going forward, the Department of Education, in conjunction with the Department of Treasury, will shepherd the student loan ...
I quit my stable job after dealing with prolonged burnout. When I decided to go back to school to start a new career, not ...
Trump is restarting collections on defaulted student-loan balances in two weeks. It could impact federal benefits, like ...
In an announcement this week, the department warned that millions of borrowers could be referred to debt collectors and see ...
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