The Trump administration plans to reinstate wage garnishment for student loan borrowers in default by 2026. This policy shift will affect those who have not kept up with their loan payments, potentially leading to financial strain for many individuals. Additionally, the SAVE Plan, which provided relief for borrowers, is set to end. Michele Zampini from the Institute for College Access and Success highlights the need for borrowers to prepare for these changes. As these policies evolve, institutions may need to adjust their financial aid strategies and student support services to mitigate the impact on current and future students.
