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News Student loan default collections resume: What to know Published: May. 03, 2025, 11:00 a.m. By Nerd Wallet ...
The U.S. Department of Education announced Monday that it will resume involuntary collections on defaulted student loan payments on May 5. Since March 2020 — the start of the COVID-19 pandemic ...
Student loan collections resume for millions of Americans as of Monday, after the Department of Education officially ended the five-year, COVID-era pause. With nearly 10 million borrowers facing a ...
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.
The student loan on-ramp ended Sept. 30, 2024, restarting the clock on missed payments. In late June or July, those delinquent accounts will begin going into default.