{
  "id": 11061582,
  "title": "Treasury and Education Departments Launch Portal to Ease Student Debt Rehabilitation",
  "url": "https://urgent.news/2026/09/30/treasury-and-education-departments-launch-portal-to-ease-student-debt",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T23:32:58.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/consumer-finance/2026/treasury-and-education-departments-launch-portal-to-ease-student-debt-rehabilitation/"
  },
  "original_language": "en",
  "account": "The Treasury Department and Education Department unveiled a new online portal on Wednesday (Sept. 30) to assist Americans struggling with defaulted federal student loans. The Defaulted Loans Support Center offers a centralized hub where borrowers can understand their options, address default, and resume repayment, according to a press release. The portal enables borrowers to comprehend the repercussions of default, compare paths out of default, apply online for loan rehabilitation or consolidation, make payments, and review repayment plans and discharge options. Replacing older websites and mail/fax processes, the Defaulted Loans Support Center streamlines the entire process. Borrowers can complete loan rehabilitation applications, upload necessary documents, review estimated payments, electronically sign agreements, track progress, apply for consolidation, and access a temporary 1% interest rate reduction through autopay, all without leaving StudentAid.gov. Treasury Secretary Scott Bessent emphasized that the portal represents a significant early accomplishment of the Federal Student Assistance Partnership, delivering Treasury's financial and operational expertise to the program. Education Secretary Linda McMahon noted that the portal simplifies the process for defaulted borrowers and enhances the administration of federal student aid programs, marking a proof of concept for the partnership. The Financial Times reported in December that over 9 million student loan borrowers had missed at least one payment in 2025, with delinquencies in the $1.7 trillion student loan market rising since the end of the government's loan payment pause during the COVID pandemic. About 44 million people are currently repaying student loans. TransUnion reported in September 2025 that nearly 30% of student loan borrowers were behind on their payments, with many facing involuntary collections from the Education Department, including wage garnishment or tax refund withholding.",
  "summary": "The Treasury Department and the Education Department have launched a new online portal designed for Americans who have defaulted federal student loans, they said in a Wednesday (Sept. 30) press release. The new Defaulted Loans Support Center is designed to help these borrowers understand their options, address default and return to repayment, according to the […] The post Treasury and Education…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}