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U.S. to Collect Student Loans from 500,000 Borrowers by 2026

4/20/2026

47 8 Full Breakdown

Summary

Story summary

The U.S. government will begin debt collection for about 500,000 defaulted federal student loan borrowers by July 2026.
The move follows pandemic-era protections expiring, affecting up to 9 million borrowers.
The Education Department and Treasury Department will coordinate collections, while wage garnishment and other aggressive tactics will be delayed.
Betsy Mayotte said a 2015 Obama-era pilot was less effective.

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Story summary

The U.S. government will begin debt collection for about 500,000 defaulted federal student loan borrowers by July 2026.
The move follows pandemic-era protections expiring, affecting up to 9 million borrowers.
The Education Department and Treasury Department will coordinate collections, while wage garnishment and other aggressive tactics will be delayed.
Betsy Mayotte said a 2015 Obama-era pilot was less effective.