According to the NYT article[0] "about five million borrowers are in default" which means like 1.5% of the population is about to have 15% of their wages garnished. Seems pretty intense.
https://www.nytimes.com/2025/12/23/business/student-loan-debtors-default-wages-garnish.html
3 Comments
fort_burp@feddit.nl · 6 pts · 237d
Almost as if the system doesn't work. Not just the exorbitant price of education but the economy created by that system that doesn't have jobs available for those with qualifications.
sturmblast@lemmy.world · 6 pts · 237d
Get a degree, become a wage slave, reproduce, work, die
Grapho@lemmy.ml · 1 pts · 237d
Widespread debt peonage, that's never gone wrong for any government