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Student Loan Collections Resume: 5.3 Million in Default

4/28/2025

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Borrowers Face Collections

Federal student loan collections are set to restart on May 5, 2025, after a five-year hiatus caused by the pandemic. With around 5.3 million borrowers in default, the stakes are high—wage garnishments and tax refund seizures loom. It's crucial for borrowers to seek repayment options and connect with the Default Resolution Group to safeguard their financial futures.

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McMahon Critiques Biden

Education Secretary Linda McMahon slammed Biden's student loan policies, arguing they favor colleges at the expense of students drowning in debt. With collections set to restart on May 5, 2025, borrowers must brace for harsh penalties, including wage garnishment, if they fail to repay, highlighting the urgent need for accountability from both sides.

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Borrowers Face Collections

Federal student loan collections are set to restart on May 5, 2025, after a five-year hiatus caused by the pandemic. With around 5.3 million borrowers in default, the stakes are high—wage garnishments and tax refund seizures loom. It's crucial for borrowers to seek repayment options and connect with the Default Resolution Group to safeguard their financial futures.

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