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The Wilmington Standard Daily Update explains that federal student loan garnishments resume in January for borrowers over 270 days delinquent, and argues that today’s loan system has drifted from its Cold War roots of funding high-performing STEM students into a taxpayer-backed machine subsidizing low-return degrees, rising tuition, and chronic default, calling for risk-based lending and for borrowers to honor the loans they promised to repay.
By The Wilmington StandardThe Wilmington Standard Daily Update explains that federal student loan garnishments resume in January for borrowers over 270 days delinquent, and argues that today’s loan system has drifted from its Cold War roots of funding high-performing STEM students into a taxpayer-backed machine subsidizing low-return degrees, rising tuition, and chronic default, calling for risk-based lending and for borrowers to honor the loans they promised to repay.