UPDATE: Donald Trump Takes Office as the 47th US President

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They’re coming for your paycheck.
Not next year. Not hypothetically.
This starts in June for defaulted student loan borrowers.

This isn’t a joke. It’s the largest forced debt collection in U.S. history. 42.7M borrowers owe $1.6 TRILLION

Colleges are being told to track down their ex-students...or lose federal funding.

Over 195,000 garnishment notices already sent.

The current rate of delinquency represents the highest figure ever recorded:

1 in 5 that are 90+ days late

None of the financial wellness programs I’ve spoken to have plans to help employees deal with this.

The fallout will hit employers hard, too.

Pair this with record credit card debt and the job market… Oh my.
 
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