“Business leaders can't ignore this financial pressure anymore.”
Student loan borrowers are facing a grim summer: These are the benefits businesses can offer employees to help with debt payments
July 8, 2025
Trump administration says 5.3 million student loan borrowers will have wages garnished this summer
May 7, 2025
8 million student loan borrowers are in for a jarring surprise August 1 as Trump admin restarts mandated interest payments
Some student loan borrowers could be left with only $217 per week.
The change affects some 7.7 million borrowers enrolled in the plan, which was created under the Biden administration.
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 start garnishing the wages of student loan borrowers in default in early January.
Borrowers to receive wage garnishment notices starting January 7, Department of Education confirms.
Millions of borrowers are considered in default, meaning they are 270 days past due on their payments.
