The resumption of US government debt collection for deferred student loan obligations is precipitating a precipitous decline in the creditworthiness of millions of Americans, with delinquencies exceeding 90 days triggering mandatory reporting to major credit repositories, thereby engendering credit score erosion commensurate with that observed in personal bankruptcy filings, consequently impeding access to, and inflating the cost of, an array of financial instruments, including but not limited to automotive financing, mortgages, and revolving credit facilities; empirical data from the Federal Reserve Bank of New York indicates that in the first fiscal quarter of 2025, in excess of three million student loan obligors experienced statistically significant decrements in their credit ratings, a consequence of the termination of the US Department of Education's pandemic-era forbearance, initiated in March 2020 and partially extended until 2023, coupled with the Trump administration's reinstatement of debt recovery protocols in late 2024.