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Student Loans Resume Collection | Durham News
Millions of student loan borrowers are now in default as the government prepares to resume collections — including wage garnishment, tax refund seizures, and Social Security intercepts — after a recent pause. A staggering 3.6 million borrowers defaulted in just two quarters, many aged 39, who were previously current or even exempt from payments. With protections like the SAVE plan and grace periods now expired, these borrowers face mounting financial pressure and plummeting credit scores. Two new repayment options — income-driven and tiered fixed plans — are available, along with…
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