E2075: Student Loan Payments Back: $1.6T Debt Crisis Resumes May 5 4/22/25

The federal government will resume collections on defaulted student loans starting May 5, ending a pause since 2020. Over 5M borrowers haven’t made payments in 360+ days, with $1.6T in total student debt. Education Sec. McMahon criticizes past policies, citing taxpayer burden.