Student loans: What to know as collections resume | FOX 10 Phoenix

Apr 29, 2025 PHOENIX
Jack Wallace, a financial advisor at Yrefy, discusses student loan repayments with FOX 10's Brian Webb as collections resume May 5.

The Department of Education will start garnishing wages for borrowers in default after a 30-day notice, the AP says.

Along with the borrowers who are currently in default, another 4 million are 91 to 180 days late on their loan payments. Less than 40% of all borrowers are up to date on their student loans, Education Department officials told the AP.