5 years of student debt relief for millions of borrowers is suddenly over

https://www.businessinsider.com/five-years-student-debt-relief-suddenly-over-trump-default-collections-2025-5?utm_source=reddit&utm_medium=social&utm_campaign=insider-economy-sub-post

by thisisinsider

10 comments

  1. **TLDR:**

    * **President Donald Trump is restarting collections on defaulted student loans after a five-year pause.**
    * **Five million borrowers are in default, and millions more are set to enter that phase in the summer.**
    * **Those borrowers could face wage and federal benefit garnishment if they don’t make payments.**

  3. Not to be all doom and gloomy, but I have 30k+ in student loans. I also am looking at $250k in hospital bills. I’m going to have another stroke, which will be another $250k, if I make it to the hospital in time, and assisted living for the rest of my life if I don’t. My next stroke is likely inside 10 years.

    What is the impetus for getting that 30k paid off? I won’t live long enough to pay off either one.

  5. I mean, isn’t it about time to restart this? It’s been 5 years. People need to pay their bills.

  7. President Biden would have cruised to reelection if he had made good on the student loan forgiveness promises

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