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9 Million in Student Loan Default | Raleigh News
Nine million student loan borrowers are in default — one in five — and experts warn the number will keep climbing. After pandemic payment pauses and grace periods ended, millions face severe consequences: plummeting credit scores, wage garnishment, tax refund seizures, and blocked access to federal aid. Default doesn’t just hurt finances — it sabotages housing, car loans, jobs, and future credit. Many defaulters are over 35, and rising costs like gas and healthcare make payments impossible. Don’t call the Department of Education — contact your loan servicer via studentaid.gov to explore…
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