Trump Administration to resume collections on student loan borrowers in default

The Education Department says millions of borrowers in default will have a chance to make a payment or sign up for a repayment plan. But on May 5, those who don't will be referred for collection.

Apr 22, 2025 - 02:02
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Trump Administration to resume collections on student loan borrowers in default
U.S. Secretary of Education Linda McMahon, during a cabinet meeting at the White House in Washington, D.C..

The Education Department says millions of borrowers in default will have a chance to make a payment or sign up for a repayment plan. But on May 5, those who don't will be referred for collection.

(Image credit: Al Drago)