The Trump administration says it will begin garnishing the wages of student loan borrowers who are in default early in 2026.

Wage garnishment "is a scary concept since they can take 15% of after-tax income," Ashley Morgan, debt and bankruptcy ...

A spokesperson for the federal Department of Education said the agency will send the first notices to defaulted borrowers in early January.

Wage garnishment will begin just as enhanced subsidies for ACA health insurance expire. People who are in default on their ...

The government plans to seize portions of borrowers' paychecks to the cover defaulted debts. Here's what you should do now to ...

A default happens when you have skipped one or several payments in a row on a loan or credit card. Since defaulting can cause your credit (and overall financial health) to quickly plummet, you want to ...