Student loan borrowers in default will soon face wage garnishment and the withholding of federal benefits as the Trump ...

The U.S. Department of Education to start garnishing the wages of millions of student loan borrowers in default for the first ...

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

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

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

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

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. shih-wei / Getty Images Millions of ...

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 ...