Trump Admin Will Garnish Struggling Borrowers' Wages as Student Loan Payments Resume

"The beatings will continue until morale improves" energy.

Well, they're about to find out what happens when you corner animals...

Guess the students will keep living with mom amd dad but not have a job

there could be almost 10 million borrowers in default in a few months

That's not a small amount. That's fucking with economic outlook levels.

As for their program to "guide" folks to repayment, I mean you might as well tell them that they're indentured servants at this point. Bully tactics are not going to work in an economy where it does not matter how much or little credit you have.

And I highly doubt this administration has any kinds of plans to gentle get folks back to repayment. I fully expect, "pay your loans or we will make you a slave for the rest of your life" to be their go to solution.

There's a correct manner to handle this, I expect Trump's administration to fuck it up every step of the way.