💨 Abstract

As of April 21, 2025, student loans in default are now being referred to debt collection agencies. This move is expected to impact a significant number of borrowers, potentially causing distress for those struggling with debt. The Associated Press reported this news, noting it may affect various financial markets, including Balanced Fund, Corporate A-Rated Debt, and others.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖