Credit Scores Decline for Millions as U.S. Student Loan Collections Restart
After a prolonged pause during the COVID-19 pandemic, the resumption of U.S. student loan collections has taken a heavy toll on millions of borrowers, leading to a widespread decline in credit scores. For over three years, the federal government froze student loan payments, providing financial relief to nearly 43 million borrowers. However, with the restart of collections in 2023, many […]