#federal-student-aid

#federal-student-aid

Student debt collections will resume on May 5, marking the return of penalties for missed loan payments after a five-year pause.

The U.S. Department of Education will start sending defaulted student loans to debt collectors from May.

Trump is transferring federal student loan management from the Department of Education to the SBA to improve accountability.

Federal student loan management currently faces significant upheaval and transitions amid staff reductions.

The Department of Education is initiating a lengthy rule-making process to consider changes to student financial assistance programs.