Department of Education Resumes Federal Student Loan Collections Nationwide
May 8, 2025
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1:54Now PlayingDepartment of Education Resumes Federal Student Loan Collections Nationwide
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as posted by the channelhe U.S. Department of Education has resumed collections on defaulted federal student loans after a multi-year pause that began in March 2020, impacting millions of borrowers nationwide. With over 5 million borrowers already in default and another 4 million at least 90 days late on payments, many Americans now face renewed risks of wage and benefit garnishment, including potential offsets to federal and state benefits and even Social Security income. These collection efforts are part of a broader policy shift that could reverse some of the leniency introduced under the previous administration, raising concerns about an uptick in defaults.
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