Government could garnish millions in student loan borrowers’ wages later this year: How can you stop it?
There are millions of students in the United States of America who benefitted from student loan forgiveness in the wake of the COVID-19 pandemic, with former president Joe Biden opting not to put additional financial stress on students who had their time in further education curtailed. With Donald Trump now in power and Elon Musk doing all he can with the Department of Government Efficiency to cut unnecessary expenditure, there could be a big change coming.There are close to 10 million students who are delinquent on their loans, and the government could soon begin garnishing their wages in order to recoup the money. This means that the government could take money directly from people's paychecks before the wages even hit their account."Your loan holder can tell your employer to withhold up to 15% of your wages to collect your student […]