As federal student loan collections restart, many borrowers in default are bracing for a financial hit that could reshape their already tight budgets. Beginning next week, wage garnishment notices are expected to go out, allowing the government to legally take up to 15% of a person’s paycheck after proper notice. While officials say borrowers will have opportunities to act before involuntary collection begins, the reality for many is fear, confusion, and frustration over how quickly missed payments can turn into lost wages.
Supporters argue garnishment is necessary to recover taxpayer dollars and bring accountability to the system. Critics say it punishes people who are already struggling, making it harder to cover rent, food, and childcare while pushing them further behind. With thousands expected to be affected in the coming months, the debate is growing louder: does wage garnishment encourage responsibility, or does it deepen a debt crisis that already feels impossible to escape?
#StudentLoans #WageGarnishment #StudentDebt #DebtCrisis #FinancialStruggle #MoneyTalk #Economy #PaycheckProblems #Adulting
