Trump Admin to Garnish Wages of 5.3 Million Student Loan Borrowers
The Trump administration has restarted the collection of defaulted federal student loans after a five-year pause, with wage garnishment potentially beginning this summer. Notices will be sent to 5.3 million borrowers, marking a significant shift from the Biden administration’s pandemic relief measures. The government’s aggressive collection tactics, including the potential garnishment of Social Security benefits, raise concerns about the financial hardship this may impose on borrowers, particularly retirees. Experts note that the shortened notice period and expedited collection timeline deviate from historical practices.
John Q. Hosedrinker