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When do collections begin on defaulted student loans? What to know as deadline approaches

President Donald Trump has announced plans to start collecting payments for defaulted federal student loans starting in May.

The New York Times · 22h

Student Debt Collections Restart on May 5. Here’s What to Know.

If you log in to your account on the federal website, StudentAid.gov, you’ll find your dashboard with details on how much you owe and the status of your loans — whether they are in repayment, for example, or default. If it’s the latter, you may also see a warning at the top.

Investopedia on MSN · 6d

2 Ways To Get Out of Student Loan Default Before Your Wages Get Garnished

The Department of Education will soon begin collecting defaulted federal student loans and garnishing wages. Borrowers currently in default status can apply for loan consolidation or rehabilitation to get back into good standing.

Should You Consolidate Or Refinance Your Student Loans?

This article provides an overview of how to manage student loans through consolidation and refinancing. It also discusses ...

4don MSN

What Happens If You Just Don't Pay Your Federal Student Loans?

The U.S. Department of Education will resume the collection of defaulted federal student loans in May, but lots of people ...

11don MSN

Should You Refinance Your Student Loans in 2025?

Currently, the Fed anticipates more cuts in 2025, but those depend on economic conditions. It might not make sense to wait ...

This Mistake Could Erase Your Student Loan Forgiveness Progress Overnight

Thinking about student loan consolidation? For income-driven repayment (IDR) and PSLF borrowers, the wrong move could hinder you from student loan forgiveness.

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