Student loan borrowers are being asked to pony up
On Monday, the Department of Education announced that it will resume collections on defaulted loans on May 5th. That’s after a five year pause started in the midst of the covid pandemic.
More than 42 million people in the United States have student loans through the federal government.
And, according to the Department of Education, five million have not made a payment in the last year.
Experts warn that this push for repayment will put loan holders in difficult financial situations and could have a big impact on an already unstable economy.
GUEST: Stacy Cowley, business reporter for the New York Times
RELATED LINKS:
- Millions of Student Loan Borrowers Are Behind on Payments
- Education Department Will Resume Collections on Student Loan Debt
- Trump administration to resume collections on student loan borrowers in default
Thank you to the supporters of KUOW, you help make this show possible! If you want to help out, go to kuow.org/donate/soundsidenotes
Soundside is a production of KUOW in Seattle, a proud member of the NPR Network.
Share your thoughts on this story
-
Libby Denkmann
Host, Soundside
Libby Denkmann joined KUOW in December 2021 as the host of the midday show Soundside. She’s a native Pacific Northwesterner who grew up in Redmond, graduated from the University of Washington, and covered local news as a producer and reporter with KIRO Radio.
More stories from Libby Denkmann » -
Sarah Leibovitz
Supervising Producer, Soundside
Sarah joined KUOW in 2019 as senior producer on The Record. She is now Supervising KUOW’s new noon time show, Soundside. Prior to working at KUOW, Sarah was lead producer at the Seattle podcast production company Larj Media, and a teaching artist with Path with Art.
More stories from Sarah Leibovitz » -
Jason Burrows
Producer/Announcer
Jason M Burrows is part of the Production Team on Soundside, and takes on announcing duties when needed.
More stories from Jason Burrows »
