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Defaulted student loan collections resume: What borrowers in NY need to know
New Yorkers with defaulted student loans will face involuntary collections again after the Trump administration ended the five-year pause earlier this week. The Department of Education announced last month it would resume collections on May 5,
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Student Loan Noise Is Creating a Perfect Storm for Scammers. Don't Fall for These Debt Relief Hoaxes
but student loan borrowers should be even more cautious right now, since the Consumer Financial Protection Bureau has been instructed to "deprioritize" predatory student loan cases.
The toughest consequences of late student-loan payments and nonpayments have returned, and many borrowers are buckling — ...
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