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Trump administration is hiring debt collectors to go after defaulted student-loan borrowers for first time in 6 years

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MarketWatch Top Stories
By Jillian Berman
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Trump administration is hiring debt collectors to go after defaulted student-loan borrowers for first time in 6 years
Photo / Coverage: MarketWatch Top StoriesCredit: Jillian Berman
EXECUTIVE SUMMARY

The Treasury Department proposes to pay debt collectors much less than in the past to help borrowers get out of default.

Key Takeaways

  • Trump administration is hiring debt collectors to go after defaulted student-loan borrowers for first time in 6 years.
  • The Treasury Department proposes to pay debt collectors much less than in the past to help borrowers get out of default.
  • The Treasury Department proposes to pay debt collectors much less than in the past to help borrowers get out of default.

The Treasury Department proposes to pay debt collectors much less than in the past to help borrowers get out of default.

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