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- cross-posted to:
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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


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.