Federal student loan payments, collections resume after 5-year pause

Student loan borrower shares her story as collections resume for those in default

The Education Department has resumed collections for sending student loan borrowers who are in default. Kristina Lyons is a stay-at-home mom whose student loans are in default and joined "The Daily Report" to share her story.

What borrowers should know as student loan collection resumes

After a five-year suspension, student loan payments resumed on Monday. At least 5 million borrowers are reportedly in default and millions of others are projected to be right on the edge.

Federal government set to resume collection of student loans in default

The U.S. Department of Education is restarting its collection of student loans in default, and federal officials said people who don't begin repayment could face having their wages garnished.

Payback time: Collections to start for defaulted student loans

ABC57 News in South Bend, Ind. covers all of Michiana including St. Joseph, Elkhart, Kosciusko, LaPorte and Marshall counties in Indiana and Berrien, Cass, Van Buren and St. Joseph counties in Mich.

Federal student loan payments, collections resume after 5-year pause

Reports say roughly 5.3 million borrowers are in default on their federal student loans after repayments were put on pause in 2020.

ED resumes collecting defaulted student loans

The U.S. Education Department (ED) on Monday officially resumed collections on defaulted federal student loans, as recent reports indicate delinquency rates are higher than ever. Those who don't resume payments risk withholdings from Social Security benefits, tax refunds and garnished wages. The federal government has not collected on defaulted student loans since March 2020, when