The U.S. government has ended years of leniency for student loan borrowers, marking a significant shift in federal policy. After a prolonged pause in payments, servicers are now reporting late payments to credit agencies, creating urgency for millions of Americans who have accumulated unpaid loans. The article by Stacy Cowley discusses the implications of this change, potentially igniting broader conversations about financing higher education in the United States and how borrowers will navigate their financial obligations moving forward.
"Millions of Americans with unpaid student loans are discovering that years of patience and forgiveness from the U.S. government have officially come to an end."
"After a five-year pause, the government instructed student loan servicers to start reporting late payers to credit bureaus."
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