Federal student loan default can reach wages, tax refunds and benefits, and 7 more points to know

What happened: A report outlines how a federal student loan default can let the government garnish wages, take tax refunds, and reduce Social Security benefits, and lists points explaining the risks and ways out. Why it matters: The piece frames default as carrying consequences beyond the loan balance, including government collection against wages, refunds, and benefits. Key numbers: 10 points are listed.

A report outlines how a federal student loan default can let the government garnish wages, take tax refunds, and reduce Social Security benefits, and lists points explaining the risks and ways out.

The piece frames default as carrying consequences beyond the loan balance, including government collection against wages, refunds, and benefits. Key numbers: 10 points are listed.