U.S. Department of Education to Begin Federal Student Loan Collections ...
Apr 21, 2025 · The U.S. Department of Education today announced its Office of Federal Student Aid (FSA) will resume collections of its defaulted federal student loan portfolio on Monday, …
Student Loan Collections Are Back—Here’s What You Need to …
Jul 3, 2025 · On May 5, 2025, the federal government restarted collections on federal student loans that are in default. That means if you haven’t made a payment on your federal student …
What Happens When Your Student Loans Go to Collections? - SoFi
Jul 18, 2025 · When student loans are sent to collections, your credit score drops, and you face increased interest rates and fees. Collection agencies may contact you frequently, and you …
Things to know about collection referrals for student loans in …
NEW YORK (AP) — Starting next month, the Education Department says student loans that are in default will be referred for collections. Roughly 5.3 million borrowers are in default on their …
Student loan collections resume as record number of borrowers …
May 5, 2025 · Millions of student loan borrowers could face a wake-up call Monday as the Department of Education resumes collecting on school loans. The restart of collections comes …
How to prepare for collection of defaulted student loans : NPR
Apr 23, 2025 · The Department of Education says it will resume collections on May 5 and send wage garnishment notices "later this summer." Here's how to know — and what to do — if …
Student Loan Default Collections Resume: What to Know
Apr 28, 2025 · After a five-year suspension that began in March 2020, the Trump administration is turning the student loan default collections machine back on. Millions of borrowers with …
Student Loan Debt Collection: How it Works When You’re in …
Jun 2, 2025 · Student loans in collections? Here's how to stop garnishment, fix the default, and get back on track with rehabilitation, consolidation, or payoff.
What student loan borrowers need to know about involuntary collections
Apr 22, 2025 · In a Wall Street Journal op-ed, U.S. Secretary of Education Linda McMahon explained the U.S. Department of Education’s decision to restart collections on federal student …
Involuntary Collections Explained for Student Loan Borrowers
May 1, 2025 · Here is what student borrowers should know about involuntary collections ahead of debt collections restarting, and the advice experts offer.