Thousands of Student Loan Borrowers Could See Wages Garnished in Just Days
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
https://www.newsweek.com/thousands-of-student-loan-borrowers-could-see-wages-garnished-in-just-days-11317190Open linkView original on lemmy.ml
Almost as if the system doesn't work. Not just the exorbitant price of education but the economy created by that system that doesn't have jobs available for those with qualifications.
Get a degree, become a wage slave, reproduce, work, die
Widespread debt peonage, that's never gone wrong for any government