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Department of Education resumes collecting student loans, including those in default. (www.cnn.com) 🏫 STUDENT PANIC 🏦

posted 1 year ago by BerlinWallCrosser 1 year ago by BerlinWallCrosser +192 / -0

Education Department to resume collecting student loans in default | CNN Politics

The Department of Education announced on Monday that it will restart collecting federal student loans in default on May 5, ending a pandemic-era pause that began roughly five years ago.

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– pnwhomebrewer 27 points 1 year ago +27 / -0

The best compromise is to drop the interest rates to 1%. It’s the interest rates more than the principal that crushes people.

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– therobots 4 points 1 year ago +4 / -0

I hope that’s simple interest and not compounding.

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