Millions of Student Loan Borrowers Face Wage Garnishments Amid Rising Defaults
TL;DR Summary
Nearly 2 million federal student loan borrowers could face wage garnishment this summer due to missed payments after pandemic relief ended, with defaults rising and credit scores dropping, prompting warnings from the Education Department and highlighting the ongoing debt crisis.
- 2M Student Loan Borrowers Could Have Wages Docked Newser
- One in three student loan borrowers risk default as delinquency rates soar The Guardian
- 2 million people could have their salaries garnished by the government this summer over student loans Yahoo
- Student Loan Delinquencies Hit Record as Late Payments Pile Up Bloomberg.com
- 'Sick to our stomachs': 5 million borrowers have now defaulted on their student loans — and the government says that number could soon double. Why that can have catastrophic consequences Moneywise
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