The Trump administration says it will begin garnishing the wages of student loan borrowers who are in default early next year.

The Trump administration will begin garnishing wages of student loan borrowers in default starting in January, the Education Department told CNN on Tuesday.

Starting the week of Jan. 7, the Education Department will begin sending notices about paycheck deductions to about 1,000 of five million borrowers in default.

Student loan borrowers are sounding the alarm about alarming emails and dashboard alerts that wrongly label their accounts as delinquent or in default, even when they are current or in a payment pause ...

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The average U.S. household holds $16,891 in a checking account, according to Motley Fool Money's analysis of Federal Reserve data. The median balance sits around $2,800. But just because big checking ...

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Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...

More than 5 million student loan borrowers in default may have a portion of their paychecks withheld. On May 5, 2025, the U.S. Department of Education announced that nearly 195,000 student loan ...

Millions of student loan borrowers could be facing wage garnishment by the end of August with collections starting within weeks, according to a report from credit bureau TransUnion. The report ...

Millions of student borrowers could begin having their wages garnished as soon as this summer, according to estimates from credit bureau TransUnion. The company predicts that by August roughly 3 ...