Haven't read too much on this yet: assume the 15% will be largest/longest overdue debt?
Edited by osklister on December 24, 2025, 9:44:13
Who knows, at least not me. But a lot of people will be affected!!! The department said it will send notices to approximately 1,000 borrowers the week of January 7, with more notices to come at an increasing scale each month. Millions of borrowers are considered in default, meaning they are 270 days past due on their payments. The department must give borrowers 30 days notice before their wages can be garnished. The department said it will begin collection activities, “only after student and parent borrowers have been provided sufficient notice and opportunity to repay their loans...” ....Since March 2020, no federal student loans had been referred for collection, including those in default, until the Trump administration’s changes earlier this year. https://apnews.com/article/student-loan-debt-trump-biden-344c88c404d6e8dac5f7e22410bbfd11 Also, from Google AI: Around 42-43 million Americans hold federal student loans, with figures slightly varying by source and date in 2025, representing about 30% of all U.S. adults. So, please don't trip over the people being herded to debtor's prison.
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