When do student loans payments restart? Everything you need to know

What defaulted Nevada borrowers should know as student loan collections resume Monday after 5-year pause

The U.S. Department of Education will resume sending defaulted federal student loan accounts to collections starting Monday, ending a five-year pause that began during the COVID-19 pandemic.Nearly 5 million borrowers who have defaulted on their loans after 360 days of missed payments could face collections if they haven't made arrangements to pay their loans back."If you take out a loan, you have to pay it back," said Karoline Leavitt, White Hou…

When do student loans payments restart? Everything you need to know

Beginning May 5, the department will begin involuntary collection through the Treasury Department’s offset program.