Fact Check: Trump Admin Student Loan Garnishment & Default Claims Analyzed

Millions of Americans could be in some financial trouble that they never expected. And this is all because the

federal government is going to go after all the funds that belong to them. This is going to include things like any type

of tax lien. It could be property taxes. It could be something like you've received money from unemployment and yet

you haven't paid back some additional payments. Or it could be things like student loan debt. But here's the thing.

They're coming. Here's what most people don't realize. Is that everyone's out there saying that

I'm struggling. I don't have enough money. The My bills are too high. Food costs too much. Gas price is going up. I

can't afford a house. And right now the sky is falling. But the same time the federal government

says, "Well, we need to increase taxes. We need more tariff revenue. We need all the money that's owed to us. And if we

don't get it, we can't give you some of these benefits." Well, it's turning into an issue. And

this is what I want to talk about. Look what was released earlier this week. It says more than 9 million student loan

borrowers are in default. And that is just the beginning. Let me read some of the numbers here.

Currently, there's 9.3 million borrowers that are in default as of today. But there's also 1.5 million additional

people that are seriously delinquent. Not yet in default. So, a little bit different here. Over

the past quarter, in the past 3 months, we saw additional 400,000 people that went into default in one quarter.

Currently, there's 234 billion dollars that is outstanding. That's a defaulted loan.

That is concerning. Okay? That is extremely concerning right now. Because we have what? It's what? 1.3 trillion

dollars or 1.6 trillion dollars in student loan debt. But, 234 billion is outstanding. That's

a pretty big, uh, you know, amount that is currently outstanding. But, look what the Trump administration says. It says

Trump officials reportedly coming for paychecks, tax refunds, and Social Security if you've defaulted on student

loans. Now, this is coming just after we found this out, that the Trump administration just today has dropped

the legal fight over student loans forgiveness. It says, "The Trump administration

has abandoned its legal fight to change the Public Service Loan Forgiveness Program, which could have affected

thousands of teachers and other public service workers." Says more than 1 million Americans have benefited from

the program, which forgives federal student loans for eligible employees of government agencies, public schools,

fire and police departments, public hospitals, and nonprofit organizations. Okay.

But, this is what I'm most concerned with. When Trump officials

are reportedly coming after paychecks, tax refunds, and Social Security. Now, why is this a big deal? Well,

obviously, if they're coming after your money, it's a big deal. Here's what we do know.

What can actually be garnished? That's the question that I got several months ago is that the person was concerned, or

the people were extremely concerned, that they could come after things like their tax refund.

They could come after things like child support. They could come after things like, you

know, their their wages. Well, here's what we do know. So, if you get a W-2 paycheck, this is you work for

somebody else, they pay you a paycheck. Up to 15% of your disposable pay can be garnished.

If you are going to get a federal income tax return, some of this or really all of it can be withheld. It can offset

your tax refund. So, prepare for that this coming year. They say social security retirement

eligible beneficiaries um that or that get social security, some of your benefits can be partially

offset. All right? Doesn't mean you're going to lose everything,

but you can lose partial amounts. Says social security disability, SSI is usually pretty protected, okay? Uh just

so you know. So, it's different from retirement versus uh disability. And then your bank account. Now, there's

different um collection uh procedures, processes, but and again, it's not the exact same as like uh W-2 paycheck,

okay? So, that's the the the big difference is they can come after all your money, okay? Everything.

But this is why I'm bringing it to your attention today. Okay, I was reading something um earlier

on today and it was talking about how the the federal government is so far behind. Our debt just continues to

explode and explode. Well, the problem is we have it we've introduced tariffs and we are doubling down on that. Even

today, President Trump is going to kind of walk back some of the tariffs on Canada and replace it with other ones.

So, other you know, things are going to become more expensive. Okay? Well, we are still overspending.

And this is in the administration that says they're trying to reduce the amount of spending. They're trying to reduce it

all. But yet we are still going further and further into debt. And so, the reason

I'm bringing this to your attention is because in a time like this when they say, "If we see interest rates go up,"

which is probably going to happen. If interest rates go up, this means the amount of interest that the United

States government has to pay on the debt that it currently holds will increase. So, we are paying less principal and

more interest. That's going to take away some of the benefits to the American people. So, the fact of the matter is

this. And this is what I was reading earlier on today is that we are likely going to

experience and this is where it gets interesting. That we are likely going to experience

the federal government come after all the money that it's owed. And it's going to come from the American

people first. Okay, we've Again, we've already seen it. Where Trump is trying to go after Canada and go after all the

other European countries and hitting people with tariffs. That's to go after those countries because again, that he

says we owe or they owe us money. But the next thing, which is going to be the first thing that happens, is the

American people are going to be gone after. Where if we owe money for PPP loans, we

got an additional stimulus check back in 2020. We owe money for unemployment, the

enhanced unemployment benefits, right? The EIDL loans. That was trillions of dollars

that were sent out. And so, some Republicans are saying that we need to get this money back.

From all businesses, from all individuals. Okay, people that took the money and went overseas and you probably

seen some of these stories that people are getting caught because they bought a mansion, they bought, you know,

Lamborghinis and Ferraris and yachts and they took these lavish vacations. But yet that money was supposed to go

towards building a business. Go towards their employees that they they said they had.

That's the difference. So, again, what we're being told today is that the Trump administration and many of these

officials are going to go after everyone's paychecks, social security, and even their tax returns, which means

everybody could be on the chopping block here. Which also means, and this is a big one,

we could also see the IRS, which I know President Trump wants to get rid of taxes, but we could also see the IRS

go after individuals that they think are trying to defraud the system and which they're going to go

and do a full audit. So, we'll see what happens there, but the one thing I can tell you right now is that this is a

little bit concerning, especially when the federal government decides now, when everyone's having the toughest time

possible just to pay their bills, now they're thinking about going in and garnishing wages and keeping tax

returns. That's going to be a huge issue and a major catastrophe at