How the Government's Crackdown on Unpaid Student Loans Could Impact Millions

Crackdown on unpaid student loans could impact millions

The Trump administration is making significant changes to how it deals with student debt. It has resumed loan collections from past borrowers, and these changes could have a significant impact on weekly paychecks and credit ratings for many people. This month, two million overdue borrowers could be facing those penalties. Economics correspondent Paul Solman reports.

How the government's crackdown on unpaid student loans could impact millions

The Trump administration is making significant changes to how it deals with student debt. It has resumed loan collections from past borrowers, and these changes could have a significant impact on weekly paychecks and credit ratings for many people. This month, two million overdue borrowers could be facing those penalties. Economics correspondent Paul Solman reports.