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CNBC

Trump admin to start garnishing wages of student loan defaulters

CNBC · New
CNBC
CNBC
New

CNBC’s Emily Wilkins reports on the Trump administration's announcement that they will begin garnishing wages for Americans with student loans who are in default in January.

Breakdown
  • Trump administration to garnish wages of student loan defaulters 4s
  • About 5 million Americans currently in default may be affected 13s
  • Program starts with 1,000 people and will expand over time 28s
  • Move aims to reduce national debt and deficit 43s