Millions of student loan borrowers head to collections as delinquency rates soar over 20%

By Yahoo! Finance   |   2 weeks ago
Millions of student loan borrowers head to collections as delinquency rates soar over 20%

Federal student loan borrowers face resumed collections, wage garnishment, and credit score drops as the Trump administration ends the pandemic loan relief. TransUnion reports a rise in delinquency rates, affecting borrowers with various credit scores, with subprime borrowers seeing the highest increase.

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