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Trump’s Dismantling of Student Loan Aid Is Crashing Down on Debtors This Week (truthout.org)
submitted 1 month ago by [B] to c/pravda_news@news.abolish.capital
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“It is so much money,” Jacqueline Wheelock said to me about the monthly payment amount she will soon be forced to pay for her student loans. Until last summer, she wasn’t thinking about this bill. Under the repayment plan known as SAVE (short for Saving on a Valuable Education), she could afford her payments, so she made them, month after month, never missing one or paying late. At the lowest…

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[–] 6 points 1 month ago (4 children)

Can they garnish your wages, or will it just go to collections forever?

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  • [–] 9 points 1 month ago (3 children)

    I've no idea

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  • [–] 5 points 1 month ago (1 child)

    I'm in the same spot. Nearly a million student loans are going into default every quarter. It's very quickly about to be "not my problem" since there is no way that the Federal government will be able to justify garnishing the wages of the working population under the age of 40 during the incoming recession.

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