Linda McMahon, secretary of the U.S. Department of Education, said the federal government will resume involuntary collections for borrowers in default on May 5.Start the day smarter. Get all the news you need in your inbox each morning.

The Education Department announced Monday student loan collections will restart in May for loans in default, a move that could impact millions of borrowers and end the years-long period of leniency then went into effect under former President Joe Biden.

Beginning May 5, the department will begin involuntary collection through the Treasury Department’s offset program. The Education Department will begin […]