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Trump Administration Resumes Student Loan Collections, Risks Millions

5/29/2025

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Summary

Story summary

The Trump administration has reignited student loan collections as of May 5, lifting the pandemic pause. This shift threatens the credit scores of over 9 million borrowers who may struggle with missed payments. In response, the government is exploring reforms to rein in loans and ensure colleges are held accountable, aiming to save taxpayers a staggering $350 billion.

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Story summary

The Trump administration has reignited student loan collections as of May 5, lifting the pandemic pause. This shift threatens the credit scores of over 9 million borrowers who may struggle with missed payments. In response, the government is exploring reforms to rein in loans and ensure colleges are held accountable, aiming to save taxpayers a staggering $350 billion.