Trump administration to start garnishing wages of student loan defaulters in January
CNBC Television·2025-12-23 16:41
Getting some news out of Washington on student loans. For that, we'll turn to Emily Wilkins. Morning, Emily. >> Good morning, Carl.Well, yes, the Trump administration is announcing that they are going to be garnishing wages for Americans with student loans who are in default. Now, that's about 5 million Americans at this point, but the education department is actually expecting that to grow potentially to 10 million. This is, of course, the first time the Trump administration is looking at taking funds out ...