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Podcast: γ¬γ’γΈγ§γθ±δΌθ©± Daily News Article Podcast
Episode: Student loan borrowers in default may see wages garnished in 2026
Description: The Trump administration said on December 23 that it will begin garnishing the wages of student loan borrowers who are in default this year. The department said it will send notices to approximately 1,000 borrowers the week of January 7, with more notices to come at an increasing scale each month.
Millions of borrowers are considered in default, meaning they are 270 days past due on their payments. The department must give borrowers 30 days' notice before their wages can be garnished. The department said it will begin collection activities "only after student and parent borrowers have been provided sufficient notice and opportunity to repay...