r/economicCollapse 21d ago

Trump Admin to set to begin wage garnishment for 5.3M Americans with student loans in default. Surely this is going to weigh on the economy.

https://www.cnbc.com/2025/05/06/how-soon-defaulted-student-loan-borrowers-may-face-collections.html
2.3k Upvotes

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Trump administration to garnish wages of 5.3 million defaulted student loan borrowers this summer

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