Student Loan Defaults Hit Record High. Borrowers Need to Act ASAP

July 22, 2026 – In a USA Today article about the risks associated with student loan defaults, Stacey MacPhetres, senior director of education finance at Bright Horizons, shares in insights on the topic.

 "A federal student loan default can result in wage garnishment, tax refund garnishment, and have negative impact on credit for years to come," said Stacey MacPhetres, senior director of education finance at Bright Horizons, provider of educational advisory services to organizations and families.

Read the full article here.