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Student Loan Garnishment Resume! Federal student loan collections resume May 5, 2025 . After a five-year pause, millions of borrowers, including nearly 10 million overdue , face the risk of wage garnishment (up to 15%) , tax ...
Defaulting on federal student loans can lead to the government garnishing your Social Security benefits. Up to 15% of your monthly payment can be allocated to repay the debt, provided that your benefit is not reduced to less than $750 per month. This guide likely explains how to prevent this and of…