Federal student loan borrowers in default may again face wage garnishments, collections

By CNBC   |   1 year ago
Federal student loan borrowers in default may again face wage garnishments, collections

After the grace period ends, failure to pay student loans can lead to collection actions. Borrowers receive notices before delinquency or default. Late payments reported to credit bureaus after 90 days, with default consequences appearing after 270-360 days.

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