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ray@lemmy.ml to United States | News & Politics@lemmy.mlEnglish · 4 months ago

Thousands of Student Loan Borrowers Could See Wages Garnished in Just Days

www.newsweek.com

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Thousands of Student Loan Borrowers Could See Wages Garnished in Just Days

www.newsweek.com

ray@lemmy.ml to United States | News & Politics@lemmy.mlEnglish · 4 months ago
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Thousands of student loan borrowers could see wages garnished in just days
www.newsweek.com
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The Education Department said it would send notices to around 1,000 borrowers early this month.

According to the NYT article[0] “about five million borrowers are in default” which means like 1.5% of the population is about to have 15% of their wages garnished. Seems pretty intense.

https://www.nytimes.com/2025/12/23/business/student-loan-debtors-default-wages-garnish.html

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