Millions of student loan borrowers are bracing to have up to 15% of their wages garnished by the government

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• Student loan borrowers in default could have up to 15% of their wages garnished by the U.S. government starting later this summer. Nearly 2 million borrowers are at immediate risk of wage garnishment, with an additional 1 million to 2 million expected to default in the coming months. Options such as negotiating payment plans, loan rehabilitation, or requesting a hearing may help avoid or halt wage garnishment.

As if student loan borrowers didn’t have enough to worry about. Given inflation, stagnant wage growth, and the weak job market for college grads, they could soon have their wages garnished by the U.S. government.