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flag The U.S. will resume student loan collections on May 5th, impacting about 5.3 million defaults.

flag The U.S. Department of Education will start collecting on defaulted student loans as of May 5th, potentially affecting around 5.3 million borrowers. flag This follows a pause during the COVID-19 pandemic. flag Borrowers can face wage garnishment and other collection actions if they do not make payments. flag The department encourages borrowers to contact their loan servicers to enroll in repayment plans such as income-driven programs to avoid default.

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