Student loan collections restart for more than 5 million borrowers in default

cnbc.com/2025/05/05/student-loan-collections-restart-for-borrowers-in-default.html

The U.S. Department of Education is set to restart collection efforts on defaulted student loans on Monday — putting millions of borrowers at risk of wage garnishment and other consequences.
The federal government has extraordinary collection powers on its student loans and it can seize…

This story appeared on cnbc.com, 2025-05-05 09:30:01.
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