With $1.6 Trillion Owed By 42.7 Million Student Loan Borrowers, Federal Government Resumes Collections After 5 Years As Delinquencies Reach Record High

As the federal government resumes collections on defaulted loans for the first time since 2020, millions of student loan borrowers are at risk of major financial setbacks. New data from TransUnion shows an unprecedented spike in serious delinquencies, just as the Department of Education and the Treasury Department move to recover unpaid debt starting this week.