
$1.6 trillion in student debt: Federal loan collections restart May 5 as repayment campaign begins
Education Department launches repayment push as student loan defaults near 10 million. (AP Photo) The US Department of Education has announced that it will resume collections on defaulted federal student loans starting May 5, 2025. This marks the first time in over four years that the department, through its Office of Federal Student Aid (FSA),…