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The U.S. will resume student loan collections on May 5th, impacting about 5.3 million defaults.
The U.S. Department of Education will start collecting on defaulted student loans as of May 5th, potentially affecting around 5.3 million borrowers.
This follows a pause during the COVID-19 pandemic.
Borrowers can face wage garnishment and other collection actions if they do not make payments.
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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Estados Unidos reanudará la recaudación de préstamos estudiantiles el 5 de mayo, afectando a unos 5.3 millones de morosos.