Melanie James+FollowStudent Loan Defaults About to Explode?Student loan payments are back, and things are about to get messy. After a 5-year pause, millions are suddenly facing collections, wage garnishments, and tax refund grabs if they’re behind. Delinquency rates are already spiking, and nearly a quarter of borrowers could default soon. With $1.6 trillion in student loans out there, this could hit credit scores hard—by up to 171 points! Plus, with fewer staff at the Education Department, getting help is tougher than ever. Buckle up, it’s going to be a bumpy ride for borrowers. #StudentLoans #DebtCrisis #Finance #CreditScore #StudentDebt #Health00Share
Robert Cox+FollowStudent Loan Shock: Collections Are BackStudent loan collections are back after a 5-year pause, and a record number of borrowers are already behind on payments. About 1 in 5 people with student loans are at risk of default, which could seriously hurt their credit scores and even lead to wage garnishment. If you haven’t checked your loan status lately, now’s the time—collections just got real again. Anyone else feeling the pressure? #StudentLoans #DebtCrisis #Finance #CreditScore #MoneyMatters #Education490Share
