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Trump admin ends Biden's free ride: 5+ million deadbeat student loan borrowers to face collections

Banking And Finance

From the Right

President Donald Trump's Department of Education announced Monday that it will soon end the former Biden administration's free ride for student loan borrowers in default.

The ED's Office of Federal Student Aid will restart collections on May 5 for more than five million borrowers who have not made a payment for at least 360 days. Another four million borrowers β€” not yet considered to be in default β€” have not paid in 91 to 180 days.

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