Student Loan Borrowers in Default Risk Wage Garnishment

Millions of student loan borrowers in default are at risk of having their wages garnished later this summer, according to the Department of Education, CNBC reports.  

“Getting these programs set back up takes time,” said Scott Buchanan, executive director of the Student Loan Servicing Alliance, a trade group for federal student loan servicers.

“I would expect at least a month or more” before garnishment begins, he said.

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