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Tag Page DebtHelp

#DebtHelp
Katherine Hunt

Student loan default: What happens next?

Wage garnishment is about to become a reality for thousands of student loan borrowers in default, as the Department of Education steps up enforcement. In Colorado, nearly half of bachelor’s grads carry student debt, averaging over $24,000. Missing just one payment can hurt your credit, but after 270 days, your wages could be at risk. If you’re affected, now’s the time to talk to your loan servicer about options like consolidation or rehabilitation—both can help you avoid garnishment and get back on track. How are you or your friends handling student debt? Let’s share tips and support each other. #Education #StudentLoans #DebtHelp

Student loan default: What happens next?
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