Outgoing Administration Publishes Blueprint to Prevent Student Loan Defaults
Account Recovery
JANUARY 20, 2025
On its way out the door, the Department of Education has published a memo outlining the steps that the new administration should take to prevent individuals from defaulting on their student loan payments and the importance of continuing the actions that have been taken by the outgoing administration. Why it matters: Federal student loan borrowers will face penalties and consequences for missed payments in 2025 for the first time in five years.
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