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

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.

"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."

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