The federal government began collecting on defaulted student loans May 5. You have options to resolve that debt.

About 4 million, or roughly one in five, federal student loan borrowers with a payment due are seriously delinquent, according to a new analysis published Monday by TransUnion. Research from the information and insights company suggests that a significant number of Americans with student loan debt are not able to make payments,

WASHINGTON — Starting on May 5, the Department of Education once again start collections for student loans that are in default. More than five million borrowers may be affected as of Monday, with more expected over the next several months, CNN reported.