The summer is looking grim for millions of student-loan borrowers behind on payments

""The student debt collection machine has been turned back on, and it could mean bad news for millions of borrowers later this summer.""

""31% of borrowers have a payment of more than 90 days past due as of April - up from 20.5% in February.""

President Trump has restarted collections on defaulted student loans, leading to concerns for nearly 2 million borrowers who may default after years of respite. A TransUnion analysis reveals that 31% of borrowers are over 90 days late on payments, an increase from previous months. Consequently, millions will face wage garnishment and complicated options to avoid default, highlighting either financial struggles or a lack of awareness about their payment obligations. The negative credit reporting will resume soon, further complicating the situation for these borrowers.

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