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As defaults on student loans surge, millions are trying to get their lives back on track
Student loan defaults surged by 4.2 million from April 2025 to March 2026, with borrowers facing financial crises after pandemic-era payment freezes ended and affordable repayment options were dismantled. Ashley Dreahn, a borrower who had her loans discharged in bankruptcy, saw her debt resurface with interest, highlighting the challenges of wage garnishments and credit damage.
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