🎓 Student Loan Collections Resume as Record Number of Borrowers Fall Behind After a multi-year pause, student loan collections are officially back, and millions are feeling the sting. New data shows a record number of borrowers are already falling behind, just months after repayment resumed—triggering aggressive collections, wage garnishments, and credit damage. Critics say the Biden administration failed to prepare Americans for the financial whiplash. #StudentLoans #DebtCrisis #LoanForgiveness #HigherEdReform #BETTRNews paymentshttps://www.cbsnews.com/amp/news/defaulted-loans-restart-collection-delinquency-may-5/

💸 10 Million Student Loan Borrowers Face Imminent Wage Garnishment as Collections Resume With pandemic-era pauses ending, federal student loan collections are back in full force—and more than 10 million Americans could soon see their wages garnished. The Department of Education is reactivating aggressive recovery efforts, including paycheck deductions and tax refund seizures for borrowers who defaulted. Critics argue that with inflation, housing costs, and job insecurity still high, restarting collections now could push struggling families deeper into crisis. #StudentLoans #DebtCrisis #WageGarnishment #LoanForgiveness #BETTRNews #EducationDebt https://www.forbes.com/sites/adamminsky/2025/04/21/68-million-student-loan-borrowers-face-imminent-wage-garnishment-offset-as-collection-efforts-resume/?utm_medium=social&utm_campaign=socialflowForbesMainFB&utm_source=ForbesMainFacebook&fbclid=IwZXh0bgNhZW0CMTEAAR54r479xpkY6N8IzjZH_9z5cq3igylR0hEuL0zGbezRho8LSBlDfQiCk7-Ehw_aem_1cEmyPkuseKmap5bR4Qw-w