Macro
Student loan borrowers in default could see wages garnished in 2026
The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in de…
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Wages garnished
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Latest on Wages garnished
Newest firstFinance
Student Loan Borrowers in Default Could See Wages Garnished in Early 2026
Starting the week of Jan. 7, the Dept. of Education will begin sending notices about paycheck deductions to about 1,000 of five million borrowers in default.
Macro
Student loan borrowers in default may soon see their wages garnished
About 5.5 million borrowers are currently in default. They haven't risked wage garnishment since the beginning of the pandemic, when policymakers paused the pr…
Macro
What to know if you're at risk of having your wages garnished over student loan debt
Millions of student borrowers could begin having their wages garnished as soon as this summer