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Student loan default has 'dramatic and immediate' credit score impact, expert says — with drop of up to 175 points
cnbc.com/2025/05/05/credit-score-impact-from-student-loan-collections-default.html
As of Monday, the U.S. Department of Education is restarting "involuntary collections" on federal student loans that are in default, which may seriously damage the credit scores of millions of borrowers.
Student loan collections efforts have largely been on pause since the pandemic began…
This story appeared on cnbc.com, 2025-05-05 15:18:33.