Garnished Wages Reach More than $176 Million from Defaulted Loans
By : AmeriTech Financial
Published On: 2016-07-21
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In a matter of just three months, private debt collection agencies hired by the Department of Education have garnished wages totaling more than $176 million from defaulted loans. This took place last year between October 1 and December 31. An increasing amount of borrowers are unable to pay back their student loan debt, despite recent efforts by the Obama administration and various options for income based repayment plans. The numbers say it all: working class people simply cannot afford college. https://www.ameritechfinancial.com/garnished-wages-reach-176-million-defaulted-loans/
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