Borrowers who are roughly a year behind on their loans could face harsh consequences such as having their Social Security benefits taken and their wages garnished.

Key Points ・Collection activity on defaulted student loans will resume on May 5, 2025. ・There's confusion about whether the SAVE forbearance or administrative forbearance is considered default. ・Borrowers are reporting struggles to get through to their loan servicers or even login to websites to check their loans.

Student loan debt collection resumes on May 5. Here's how borrowers can prepare to repay loans and get lower monthly payments.