Avoid Wage Garnishment With 2 Effective Ways To Escape Student Loan Default

Key Takeaways While the Department of Education paused wage garnishments on student loan borrowers in default, borrowers can use this time to get back into good standing before collections resume. Borrowers can consolidate their student loans or apply for loan rehabilitation, which will help them exit default and restore their loans to good standing. More than 5.5 million borrowers are in default on their student loans. These borrowers face damaging credit report entries, loss of eligibility for fu ...