Released: March 26, 2020

DeVos halts collection of defaulted federal student loans

Source: Michael Stratford - Politico

The Education Department is putting a stop to collecting on defaulted federal student loans amid the coronavirus pandemic and ordering private collection firms to stop pursuing borrowers “until further notice," according to the official and a memo sent to the companies. The department plans to make the policy retroactive to March 13, the day President Donald Trump declared a national emergency, the official said.

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