Student loan borrowers who default on their loans could see 15% of their paychecks docked by the federal government soon.

Borrowers in default should know about three options to return to good standing, along with Trump's repayment plan overhaul.

How wage garnishment happens. "A garnishment is a judicial mechanism that tells an employer or bank to withhold or direct the finances of a third party to go into the court's trust.

Summer tends to provide a respite from school. However, due to a couple of recent changes at the Education Department, thoughts of school this summer have weighed heavily not necessarily on current ...

Millions of borrowers who have defaulted on their student loans are at risk of wage garnishment, which the administration warned may start soon.

A wage garnishment of 15% of your pay would produce an extreme financial hardship, such as being unable to afford your rent or mortgage. You were laid off from work and have been employed in a new ...

Millions of student borrowers could begin having their wages garnished as soon as this summer, according to estimates from ...

As federal student loan repayments start again, many people now face a financial concern: losing part of their pay. After ...

Wage garnishment is allowed in all states for unpaid taxes and child support. "State and federal law regulate the amount of money that may be garnished from a consumer's wages or bank account.

What is wage garnishment? When an employee defaults on debt or gets behind on other financial obligations, their creditors or other interested parties can take action, such as initiating a lawsuit ...

Say you have a weekly pay period and your disposable earnings are $217.50 or less. If $7.25 is the federal minimum wage, the employer cannot legally garnish your wages in this case. But if your ...

Know that as part of federal Covid-19 relief programs, all federal student loan wage garnishments have stopped until at least Sept. 30, 2021. There are plenty of ways to prevent wage garnishment […] ...