Education Department simplifies student loan repayment for defaulted borrowers

businessinsider.com

The Education Department will simplify student loan repayment for defaulted borrowers by consolidating platforms. The move transfers defaulted loan management from myeddebt.ed.gov to studentaid.gov, aiming to improve user experience and centralize all student loan operations. This change occurs as student loan defaults reach record highs, with millions of borrowers in default or delinquency.


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Education Department simplifies student loan repayment for defaulted borrowers | News Minimalist