How Will Borrowers Know If They’ve Defaulted? Borrowers who have defaulted on their debt will receive notices over the next two weeks urging them to take action on their debt be

Whether you are graduating within the next couple of weeks or graduated years ago, chances are you will soon have to start repaying your federal student loans.

The U.S. Department of Education said on Monday it will resume collecting federal student repayments from borrowers in default from May 5 after a pause of more than five years.The resumption will impact more than 5 million borrowers who are in default,