2 Million Student Loan Borrowers at Risk of Garnished Wages: Analysis

Paychecks reduced by 15% after 6 million Americans are 90 days past due on loans

MILLIONS of Americans are newly at risk of having 15% of their paycheck withheld in response to a rising amount of past due loans. With nearly six million Americans 90 days late on their student loan repayments, the government is taking steps to recover the trillions of dollars in payments it is owed. GettyMillions of Americans are at risk of having their paychecks deduced by 15% due to past due student loans[/caption] The federal government is …

2 million student loan borrowers at risk of garnished wages: Analysis

Nearly two million student loan borrowers are at risk of having their wages garnished this summer, according to a new estimate from TransUnion.

2M Student-Loan Borrowers at Risk of Wage Garnishment

Nearly 2 million student-loan borrowers are in danger of having their wages garnished this summer by the federal government, The Wall Street Journal reported.

2 million student borrowers could see wages garnished to pay back loans starting in July

Around 6 million student borrowers are 90 days or more past due on their student loan payments, and around a third of them, or 2 million, could start having a portion of their wages garnished by the federal government starting in July to pay back their loans.

2 million student loan borrowers could have wages garnished

The Department of Education restarted debt collection activities in May, marking the first time since before COVID that it has taken such measures

Two Million Student-Loan Borrowers at Risk of Docked Pay

“Nearly two million student loan borrowers are at risk of having their wages garnished this summer,” the Wall Street Journal reports. “Roughly six million federal student-loan borrowers are 90 days or more past due after a pandemic-era reprieve ended… The credit-reporting company estimates that about a third of them, or nearly two million borrowers, could move into default in July and start having their pay docked by the government.”