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U.S. Department of Education says it will restart collections on defaulted student loans May 5
Summary
A U.S. Department of Education spokesperson announced the department will resume collections on defaulted federal student loans on May 5, citing a $1.7 trillion portfolio and saying about four in 10 borrowers are in repayment.
The U.S. Department of Education announced that it will restart collections on defaulted federal student loans on May 5, a department spokesperson said. The spokesperson said the federal student loan portfolio is nearly $1.7 trillion and that about four in 10 student borrowers are in repayment.
A U.S. Department of Education spokesperson said, "Unlike the…
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