Millions of defaulted student loan borrowers will face collection activities for the first time since the pandemic began.

Student loan debt has become a mounting issue over the past several decades, as tuition prices rose exponentially. Young Americans enrolling in college began applying for six-figure loans to cover the cost of education,

White House press secretary Karoline Leavitt announced today that the pause in collections on student loans in default that has been in effect since the early days of Covid comes to an end on May 5. "Fewer than four out of ten borrowers are in repayment,