✉news BusinessPersonal Finance first seen 1 d ago, last 9 h ago, peak #1
Treasury opens student loan support center as defaults hit 9.3 million
Original: Treasury launches student loan support center as new data show 9.3 million borrowers in default
The US Treasury Department has launched a new support center for student loan borrowers, coinciding with data showing 9.3 million borrowers are now in default. The initiative is aimed at helping distressed borrowers navigate repayment options and relief programs as federal collection activity resumes. The scale of default is drawing attention to the mounting strain on households and the government's efforts to address it.
Why now: The record number of defaulted borrowers and the government's new support effort are raising concerns about the student debt crisis.
US Treasury Departmentstudent loan borrowers
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Evidence
- Treasury launches student loan support center as new data show 9.3 million borrowers in default · cnbc.com
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