▲ 25 ▼ Thousands of Student Loan Borrowers Could See Wages Garnished in Just Days (www.newsweek.com) submitted 10 months ago by ray@lemmy.ml to c/usa@lemmy.ml 3 comments fedilink hide all child comments According to the NYT article[0] "about five million borrowers are in default" which means like 1.5% of the population is about to have 15% of their wages garnished. Seems pretty intense. https://www.nytimes.com/2025/12/23/business/student-loan-debtors-default-wages-garnish.html
[–] Grapho@lemmy.ml 1 point 10 months ago Widespread debt peonage, that's never gone wrong for any government permalink fedilink source