The Education Department Will Restart Collection On Defaulted Student Loan Payments

About The Education Department Will Restart Collection On Defaulted Student Loan Payments

In this brief video, viewers learn about the announcement by the Education Department regarding the resumption of student loan collections for loans in default. This decision marks a significant shift from the extended period of leniency that started under former President Joe Biden. Millions of borrowers who have experienced temporary relief may now face renewed financial obligations. As the May deadline approaches, this development could have widespread implications for individuals dealing with defaulted student loans.