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A boomer who can't afford to retire is facing a big money dilemma: Start paying a $1,414 student-loan bill or lose part of his paycheck
businessinsider.com/boomer-cant-afford-retirement-high-student-loan-payment-wage-garnishment-2025-5
Student-loan borrowers behind on payments are facing involuntary collections after a five-year pause.
Dimitri Otis/Getty Images
Trump restarted collections on defaulted student loans on May 5, after a five-year pause.
James Southern, 63, is facing a $1,414 bill on his student loans.
He…
This story appeared on businessinsider.com, 2025-05-25 07:53:01.