President Donald Trump has announced plans to start collecting payments for defaulted federal student loans starting in May.

The move follows the expiration of payment pauses and grace periods that began under former President Biden's administration.

Corrections and clarifications: This story has been updated to reflect that President Donald Trump initially paused student loan payments in March 2020. As May approaches, the federal government ...

If action is not taken by May 5, defaulted borrowers will become subject to wage garnishment to collect their outstanding balances.

After President Donald Trump returned to office, his administration announced that the U.S. Department of Education would start collecting payments for defaulted federal student loans beginning May 5.

Even though the May 5 deadline is looming, borrowers have time to check the status of their federal student loans, review their options and take action to prevent wage garnishment. Even though the ...

Stay proactive, mark your calendar, and you'll be set to tackle those 2025 federal student loan deadlines with confidence.

Defaulted student loans ... extended the pause several times before repayments became due again in October 2024. Borrowers become delinquent from the first day a payment is late, and for most ...

The Department of Education announced Monday it will restart collections on defaulted federal student loans on May 5, ...