Millions of Student Loan Borrowers Face Default as Collections Resume
Over 5 million federal student loan borrowers were in default as of June 2025, with collections resuming in May. Borrowers risk wage garnishment and credit damage.
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Latest reporting and analysis tagged with federal student aid.
Over 5 million federal student loan borrowers were in default as of June 2025, with collections resuming in May. Borrowers risk wage garnishment and credit damage.