Wage Garnishment Delayed as Student Loan Defaults Hit Record
- Publisher
- Money
- Published
- 2026-10-10
- Type
- news report
- Link
- https://money.com/student-loan-garnishment-delay/
- Last checked
- 2026-10-28
- Rights
- reference only — we link and describe; we do not republish the text.
Cited in
-
Taxes and Public Finance
About 9 million borrowers are in default on $220 billion of student loans, while 7.5 mill…
Federal Student Aid data through March 2026 show about 9 million borrowers in default on $220 billion; the SAVE plan is ending under a settlement, with more than 2 million borrowers already told to choose a new plan.