Has the problem of unpaid student loans been allowed to fester so long that people have actually forgotten how much money they owe? Apparently it has.
While many outside experts have acknowledged that the collections process needed to resume at some point, they’ve warned that recent upheaval within the Education Department and student lending program could end up creating new problems for borrowers, many of whom may not realize they still owe their debts after years of not having to pay them.
There are currently more than 5 million borrowers with loans in default, who will be immediately affected by the restart. Millions more Americans are expected to fall deeply past due on their student debts in the coming months, with a large bulge in the fall.


Last month, I received a tip from a nursing student at University of Alberta who’d been required to take a course called