Millions of Americans with student loans are facing one of the biggest repayment changes in years. For many borrowers, this is not just a policy update. It may affect monthly budgets, credit reports, collection risk, and long-term financial plans. At Credit Law Center, we believe the most important thing borrowers can do right now is […]
Tag Archives: Federal Student Loans
15
May
May
The federal government resumed collections on defaulted federal student loans starting May 5, 2025, marking the first time in five years that such collections have restarted after pandemic-related pauses. This means the Department of Education can now garnish wages, tax refunds, and even Social Security benefits of borrowers whose federal student loans are in default—defined […]