Student loan collections restart May 5: Here's what you need to know

By NBC News   |   2 weeks ago
Student loan collections restart May 5: Here's what you need to know

The U.S. government will restart collecting defaulted student loan payments from millions of borrowers, ending a pause since March 2020 due to the pandemic. Officials aim to recoup $1.6 trillion in student debt through various collection methods, emphasizing the need for borrowers to fulfill their financial obligations.

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