Trump Administration Resumes Collection of Defaulted Student Loans After a 5 Year Hiatus

Donald Trump‘s administration is kicking off collection of defaulted student loans as of Monday (May 5).

After a five-year hiatus, the U.S. Department of Education will resume collections of defaulted student loans this week, via NPR.

There are more than 42.7 million student loan borrowers in the United States, who owe a collective $1.6 trillion.

Keep reading to find out more…

The Department of Education says that more than 5 million have not made a payment in the past year...