Politics· States Newsroom

Collections are coming for millions of student loans in default

States Newsroom · November 12, 2026

A long-postponed reckoning could be coming soon for millions of student loan borrowers who are now faced with garnished wages and seized tax refunds as soon as next year. Since pandemic forbearance finally expired last year, more than 9 million borrowers already are in default, owing a collective $234 billion, and…

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Collections are coming for millions of student loans in default

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