Wage garnishment for defaulted student loans

by

Ed.

From cnbc.com: [US context] The U.S. Department of Education plans to resume wage garnishment for individuals with defaulted federal student loans, affecting millions of borrowers.

Borrowers can have up to 15% of their disposable income garnished unless they are self-employed, where garnishment becomes more complex.

Those affected have the option to challenge these garnishments, especially if they face financial hardships.

Filed under: Tax - General