Reported 2 days ago
Senator Elizabeth Warren has expressed concerns that the resumption of student loan collections by the Trump administration poses a significant threat to millions of borrowers, labeling it as a 'financial scarlet letter' that can severely impact job opportunities and financial stability. With many facing serious delinquency, Warren highlights that tarnished credit scores can lead to higher interest rates on loans, mortgage denials, and increased security deposit requirements, severely limiting their economic prospects.
Source: YAHOO