SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: locogringo12/24/2025 10:43:18 AM
1 Recommendation

Recommended By
longz

  Read Replies (1) of 1582651
 
Did I vote for this? YEP!!

Trump Makes Huge Move on Student Loan Debt, and Democrats Are Gonna Flip – PJ Media

The first wave hits in early January. About 1,000 individuals who defaulted on their student loans will see wage garnishments begin the week of Jan. 7, 2026.

“We expect the first notices to be sent to approximately 1,000 defaulted borrowers the week of January 7,” an Education Department spokesperson told The New York Post. “The notices will increase in scale on a month-to-month basis.”

The missives will give borrowers a 30-day heads-up about the plans to garnish wages.

The Department of Education is authorized to seize up to 15% of a borrower’s after-tax income until the defaulted student loans are paid off or some other remedy has been reached.

Wage garnishments for defaulted student loan debt had been on pause since the COVID-19 pandemic.

Under the Higher Education Act of 1965 and the Debt Collection Improvement Act of 1996, the Federal Student Aid agency is required to carry out collection activities for defaulted loans.

Borrowers are required by law to have been given sufficient notice on their defaulted loans before the seizures can begin.

Back in May, the Trump administration moved to restore long-standing enforcement tools that had been sidelined for years, including the seizure of Social Security benefits and tax refunds from borrowers who defaulted on their student loans. Wage garnishments, officials indicated, would also return after being suspended under Joe Biden.

<more for the crybabies to read at above link>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News