Education Department restores student loan applications

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Student loan collections to resume

US Education department to resume student loan collections from May 5, affecting millions in default

The US Education Department will restart student loan collections from 5 May, targeting over 5 million borrowers in default. Wage garnishment and benefit offsets will resume after a pause that began during the COVID-19 pandemic.

Accounting Today · 7d

Education Dep't to restart student loan collections

The U.S. Department of Education plans to resume collecting defaulted student loans on May 5 after a yearslong pause that began with the pandemic.

Opinion

The Washington Post · 2d

The student loan bubble is about to pop

As collections resume after five years, disaster looms for delinquent borrowers. Preston Cooper is a senior fellow at the American Enterprise Institute.

13d

IDR Or PSLF Student Loan Applications Could Take ‘Months, If Not Years’ To Process, AFT Warns

The Department of Education has no timeline for processing IDR or PSLF student loan repayment applications. Borrowers may ...

CNN9d

Education Department to resume collecting student loans in default

The Department of Education announced on Monday that it will restart collecting federal student loans in default on ... the Education Department has removed applications for all ...

6don MSN

Student loan borrowers at risk of garnished wages: What to know

Defaulted student loan borrowers will need to come up with a plan in the next few weeks as the Trump administration plans to ...

USA Today6d

Will you need to start repaying your student loans? What to know, how to resume repayment

Applications for enrollment in any repayment plan have not been processed since 2024. The Department of Education said it is working with federal student loan servicers to begin processing ...

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Student loan collections to resume