Trump administration is hiring debt collectors to go after defaulted student-loan borrowers for first time in 6 years

The Treasury Department announced plans to hire debt collectors to pursue defaulted student-loan borrowers, marking the first such effort in six years. The department proposes paying debt collectors at reduced rates compared to previous hiring periods. The move comes as the federal government resumes collection efforts on student loans after a pandemic-era pause.

• MarketWatch — Trump administration is hiring debt collectors to go after defaulted student-loan borrowers for first time in 6 years

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