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Student loan borrowers brace for wage garnishment: ‘Money is tight when you’re a teacher’
CNBC ^ | 05/19/2025 | Annie Nova, Ali McCadden

Posted on 05/19/2025 8:42:50 AM PDT by SeekAndFind

Jason Collier, a special education teacher in Virginia, often needs to wait until payday to fill up the gas tank of his car — and in the meantime hopes he doesn’t run out.

“Money is tight when you’re a teacher,” Collier, 46, said.

Now he’s afraid that the U.S. Department of Education will soon garnish up to 15% of his wages because he’s behind on his student debt payments. Collier said he hasn’t been able to meet his monthly bill for years, while juggling the expenses of raising two children and medical expenses from a cancer diagnosis.

If his paycheck is garnished, “it would just be more of a pinch,” Collier said. “If I need a car repair, or something comes up, I might not be able to do those things.”

After a half-decade pause of collection activity on federal student loans, the Trump administration announced on April 21 that it would once again seize defaulted borrowers’ federal tax refunds, paychecks and Social Security benefits.

More than 5 million student loan borrowers are currently in default, and that total could swell to roughly 10 million borrowers within a few months, according to the Education Department.

The Biden administration focused on extending relief measures to struggling borrowers in the wake of the Covid pandemic and helping them to get current. The Trump administration’s aggressive collection activity is a sharp turn away from that strategy.

“Borrowers should pay back the debts they take on,” said U.S. Secretary of Education Linda McMahon in a video posted on X on April 22.

More than 42 million Americans hold student loans, and collectively, outstanding federal education debt exceeds $1.6 trillion. The Education Department can garnish up to 15% of defaulted borrowers’ disposable income and federal benefits, as well as their entire federal tax refunds.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: alimccadden; annienova; astroturf; cnbc; college; debt; demagogicparty; dnctalkingpoint; dnctalkingpoints; jasoncollier; mediawingofthednc; msnbc; nbc; nobrainscollectively; panicporn; partisanmediashill; partisanmediashills; studentloans; tuition; virginia

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1 posted on 05/19/2025 8:42:50 AM PDT by SeekAndFind
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To: SeekAndFind

Maybe that degree in Lesbian Dance Theory wasn’t such a good investment after all...


2 posted on 05/19/2025 8:44:48 AM PDT by eyeamok
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To: SeekAndFind

Tiny violin.


3 posted on 05/19/2025 8:45:45 AM PDT by HIDEK6 (God bless Donald Trump)
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To: SeekAndFind
Money is tight when you’re a teacher

Money is not tight for Big Academia who has raked in billions in tuition money and government money to pretend to educate the masses, but unfortunately too often, it was just a facade.

4 posted on 05/19/2025 8:47:18 AM PDT by Tell It Right (1 Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: SeekAndFind

Not a very thoughtful person when it comes to his future, this Jason Collier.


5 posted on 05/19/2025 8:48:57 AM PDT by simpson96
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To: SeekAndFind

46 years old and still living paycheck to paycheck?

Look like he needs to take a class in ho to budget his $$
oh, and take a good look at ‘need’ vs want/luxury.

I raised 3 kids on a GI paycheck with a stay at home mom. Not ‘easy’, but certainly do-able.

and I got my degree with zero student debt.

These sob stories are getting old.


6 posted on 05/19/2025 8:49:24 AM PDT by ASOC (This space for rent)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; BraveMan; cardinal4; ...
Money is tight when you're a teacher working for a living, or a retiree, but not for illegals.
Panic Porn from CNBC Partisan Media Shills and Stooges alert.

7 posted on 05/19/2025 8:49:58 AM PDT by SunkenCiv (Putin should skip ahead to where he kills himself in the bunker.)
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To: SeekAndFind

Teachers have a tight budget?

No s Sherlock

Go into finance or something if you’re in it for the money. Otherwise budget

Ima a single parent in nursing. Grew up in upper middle class New York swank

That was my parents’ money. This is mine. I don’t have any money. Hello!!!!

I. Ant imagine complaining. Get out of an expensive area and deal with it

Kids now have a quarter of the money we had while the congress just tacks on $7 trillion more to these kids’ debt

Schools charge kids $100 k where I paid $2k That’s the grift right there

Teacher or not there’s no money


8 posted on 05/19/2025 8:51:14 AM PDT by stanne (Because they were mesmerized by Obama, the man for whom this was named, whose name they left out of )
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To: SeekAndFind

Collier said he hasn’t been able to meet his monthly bill for years,


yes, there is a problem but the student loans are not the problem. age 46 and still paying loans?


9 posted on 05/19/2025 8:51:50 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued, but there must be a warehouse full of them somewhere)
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To: ASOC

Yeah, cry me a freaking river!


10 posted on 05/19/2025 8:52:11 AM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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To: SeekAndFind

If his paycheck is garnished, “it would just be more of a pinch,” Collier said. “If I need a car repair, or something comes up, I might not be able to do those things.”


maybe he is not a complete idiot.....................


11 posted on 05/19/2025 8:52:38 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued, but there must be a warehouse full of them somewhere)
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To: SeekAndFind

The ONLY people who have sympathy for this whiner are other deadbeats who also think it is ok to borrow money and not pay back.


12 posted on 05/19/2025 8:54:57 AM PDT by RWGinger
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To: PeterPrinciple

“”If his paycheck is garnished, “it would just be more of a pinch,” Collier said. “If I need a car repair, or something comes up, I might not be able to do those things.”

maybe he is not a complete idiot.....................””

Yeah, welcome to the real world ... where most of us adults have already had to live and pay our own bills and debts. Late to the party, snowflake.


13 posted on 05/19/2025 8:55:40 AM PDT by Danie_2023
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To: Tell It Right

> Money is not tight for Big Academia who has raked in billions in tuition money and government money to pretend to educate the masses… <

Bingo. A huge part of the problem is how universities shamelessly lie to naive incoming freshmen. We are all ultimately responsible for our own behavior, of course. But the universities bear a great responsibility too.

I once read an article about how a college (I forget which one) was pushing its business program. Students were told that the school’s business degree graduates had a 90% placement in the field.

Sounds good! Why not spend the money, and go for that business degree? It turns out that the college was counting graduates who were working as stockers in Walmart, etc.

It’s a disgrace.


14 posted on 05/19/2025 8:57:40 AM PDT by Leaning Right (It’s morning in America. Again.)
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To: SeekAndFind

I note that “they” found a Special Ed teacher to report on. This is the distrustable media finding the rare instances in which there is a sympatetic victim. Special ed teachers do deserve respect, as they serve our special children. However, ‘Eddikashun’ degrees as such have been dragged into the mud. The fact that “Dr” Jill Biden has one says all that needs be said.


15 posted on 05/19/2025 8:58:34 AM PDT by Da Coyote
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To: SeekAndFind

Money is tight when you are a teacher...................

Live within your means.


16 posted on 05/19/2025 8:58:41 AM PDT by Lion Den Dan ( )
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To: SeekAndFind

I worked two part time jobs and was in the ANG while in veterinary school. I didn’t make high grades because many times I had to work instead of study but when I graduated I did not owe one red cent. My parents didn’t pay my way nor did anyone else. I have little sympathy for those that borrowed money way above their ability to pay it back. I saw several interns that rotated through my clinic that had a debt of $300K or more which scared me into selling my clinic asap because graduates these days cannot buy into a practice with their debts.


17 posted on 05/19/2025 9:00:12 AM PDT by vetvetdoug
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To: SeekAndFind

Student loan debt should be dischargeable in bankruptcy.


18 posted on 05/19/2025 9:02:07 AM PDT by T.B. Yoits
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To: Tell It Right; All

Lots of Teachers make very good money and have fantastic benefits, paid for by taxes.

Lot of lawyers don’t make much money and live paycheck to paycheck.


19 posted on 05/19/2025 9:08:49 AM PDT by marktwain
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To: SeekAndFind

Collier obviously doesn’t teach economics.

Although after reading the rantings of Krugman over the years, even an economics major doesn’t always have a sound understanding of the subject.


20 posted on 05/19/2025 9:11:09 AM PDT by meyer (The revolution isn't just beginning. It's already won.)
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