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flag The U.S. Department of Education resumes collections on defaulted student loans, affecting millions.

flag The U.S. Department of Education is resuming collections on defaulted federal student loans, potentially affecting millions of borrowers. flag According to TransUnion, those with excellent credit could see their scores drop by up to 175 points, leading to higher interest rates and reduced credit access. flag Around 5.3 million borrowers are in default, with another 4 million in late-stage delinquency.

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