News Student loan default collections resume: What to know Published: May. 03, 2025, 11:00 a.m. By Nerd Wallet ...

As she waits to receive her master’s degree and graduate in July, she is anticipating her student loans. "When you hear 100K, like, that's a big swallow, that's a lot of money," she said.

Vetted student loan nonprofits, like TISLA, can also help. Watch out for student loan scammers who promise to get you out of default in exchange for money or access to your financial accounts.

Student loans borrowers in default face harsh penalties starting May 5. Here's how to know if you're impacted and how to get out of default.