As the federal government prepares to restart collections on defaulted student loans, millions of borrowers, including those in the Kansas City area and nearly 1 million in Massachusetts, are bracing for the financial impact. Starting May 5, collections will resume, potentially affecting credit scores and leading to wage garnishments for those in default. Many borrowers feel overwhelmed and uncertain about navigating the repayment system, and financial experts suggest having a solid plan in place to manage upcoming payments. With consumer spending projected to drop significantly, the implications of these changes are expected to resonate throughout the economy. As borrowers seek clarity on their options, the Education Department emphasizes the importance of addressing student loan defaults to avoid additional financial strain.