Two Million Student-Loan Borrowers at Risk of Docked Pay

“Nearly two million student loan borrowers are at risk of having their wages garnished this summer,” the Wall Street Journal reports.

“Roughly six million federal student-loan borrowers are 90 days or more past due after a pandemic-era reprieve ended… The credit-reporting company estimates that about a third of them, or nearly two million borrowers, could move into default in July and start having their pay docked by the government.”