A report by VantageScore indicates that over 9 million student loan borrowers may see significant drops in their credit scores due to resumed collection activities by the U.S. Department of Education after the pandemic-related suspension of such actions.

Consumer advocates are urging borrowers to take immediate action regarding their student loans following concerns about sensitive data security after reports of unauthorized access by Musk's DOGE.

A federal judge has temporarily blocked Elon Musk's team from accessing sensitive student loan data while a lawsuit is ongoing, citing concerns over data privacy.