Student loan borrowers brace for wage garnishment: ‘Money is tight when you're a teacher' By Annie Nova, CNBC and Ali McCadden, CNBC • Published May 18, 2025 • Updated on May 18, 2025 at 11: ...

But now that collections have been back for several months, some defaulted borrowers need to worry about potential wage ...

Beyond possibly leading to wage garnishment, defaulting on a student loan hurts in other ways. It damages your credit, which raises borrowing costs or limits access to credit like mortgages and ...

The resumption of student loan payments, initiated by the Trump administration in May 2025, has sparked concern among millions of Americans. However, amidst these challenges, positive developments ...

Federal student loan wage garnishment: You will need to have "missed nine months of payments for federal loans before the government can garnish your wages," said Bankrate."Your servicer does not ...

More than 5 million student loan borrowers are currently in default, and that total could swell to roughly 10 million borrowers within a few months, according to the Education Department.

"Money is tight when you're a teacher," Collier, 46, said. Now he's afraid that the U.S. Department of Education will soon garnish up to 15% of his wages because he's behind on his student debt ...

CNBC spoke with some of the student loan borrowers in default who are bracing for the consequences of wage garnishments and Social Security offsets.