IndiaTimes
Starting May 5, the US Department of Education will send defaulted student loans into collections from around 5 million borrowers. This marks the first major repayment action since the COVID-19 pause began. Amid layoffs and a possible system overhaul, critics warn that the move could worsen financial hardship for struggling Americans with few support resources left…
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Another crisis in US looms large as deadline nears for 5 million student loan borrowers
Camellia Geddes
03:28
Starting May 5, the US Department of Education will send defaulted student loans into collections from around 5 million borrowers. This marks the first major repayment action since the COVID-19 pause began. Amid layoffs and a possible system overhaul, critics warn that the move could worsen financial hardship for struggling Americans with few support resources
