Tag: studentloancrisis

US Politics

The Cruel Economics of Wage Garnishment: How Student Loan Policies Punish the Vulnerable

The Department of Education is beginning wage garnishment for student loan borrowers in default starting January, allowing up to 15% of disposable pay to be withheld without court proceedings. This cruel policy demonstrates a profound disregard for struggling Americans' financial stability during ongoing economic uncertainty.

US Politics

Temporary Relief: The Cruelty and Compassion in Student Loan Policy

The U.S. Department of Education has temporarily halted plans to garnish wages and seize tax refunds of defaulted student loan borrowers. This abrupt policy reversal, while welcome, underscores the cruel economic pressure that would have devastated millions of Americans already struggling with debt.