Student Loan Defaults About to Explode?

Student loan payments are back, and things are about to get messy. After a 5-year pause, millions are suddenly facing collections, wage garnishments, and tax refund grabs if they’re behind. Delinquency rates are already spiking, and nearly a quarter of borrowers could default soon. With $1.6 trillion in student loans out there, this could hit credit scores hard—by up to 171 points! Plus, with fewer staff at the Education Department, getting help is tougher than ever. Buckle up, it’s going to be a bumpy ride for borrowers. #StudentLoans #DebtCrisis #Finance #CreditScore #StudentDebt #Health