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Feds will start seizing the pay of defaulted student loan borrowers. (www.cnbc.com)

posted 184 days ago by BerlinWallCrosser 184 days ago by BerlinWallCrosser +76 / -0

Trump administration to start seizing pay of defaulted student loan borrowers in January

The Trump administration will start garnishing the wages of student loan borrowers in default in early January.

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– LilyBee24 3 points 184 days ago +3 / -0

They are predatory lenders, so I don't think typical rules should apply.

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▲ 5 ▼

– BerlinWallCrosser [S] 5 points 184 days ago +5 / -0

The rules are in the contract that you sign for the loan.

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▲ 4 ▼

– LilyBee24 4 points 184 days ago +4 / -0

So are mortgages.

People are desperate against a system where they are powerless.

Pedophiles convince kids sex is good for them and some consent, doesn't make it right.

We are ignorant children when it comes to financial lending.

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▲ 1 ▼

– ilovetrump4 1 point 183 days ago +1 / -0

While it may suck for these borrowers, "Ignorance of the law is no excuse."

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