Student Loans in Default Will Be Sent to Collections Starting May 5, Department of Education Says

The article discusses the potential consequences for borrowers who are behind on their payments, including the risk of having their wages garnished. It highlights recommendations from experts on actions borrowers should take to address their financial situation promptly. The suggested steps likely include reaching out to creditors to negotiate new payment terms and seeking assistance from financial counselors or debt relief programs to avoid further financial strain.

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