US Education Department pauses student loan collections to give borrowers a fresh start
The U.S. Department of Education has temporarily stopped collecting overdue student loans. This pause allows for new rules to simplify loan repayment and offer borrowers a second chance to fix defaulted loans. These changes aim to reduce stress and help millions of Americans manage their student debt more effectively. New income-driven repayment plans will also be introduced.
The U.S. Department of Education has temporarily stopped collecting overdue student loans. This pause allows for new rules to simplify loan repayment and offer borrowers a second chance to fix defaulted loans. These changes aim to reduce stress and help millions of Americans manage their student debt more effectively. New income-driven repayment plans will also be introduced.
