The Trump administration is gearing up to start garnishing wages from student loan borrowers who are in default come 2026. We're talking about a thousand notices going out first, but trust me, that's just the tip of the iceberg. My take? It's the same as always: we’re never gonna pay back all that student loan debt. Seriously, it’s a staggering $1.6 trillion tied up in this well-meaning but totally flawed government scheme affecting 42 million folks who are either behind or defaulting. Even if they go after wages or tax refunds, it barely makes a dent in the grand scheme of things. That’s why I’m convinced a student loan debt jubilee is on the horizon, not just because people will push for it, but because the system will leave us no other choice. You know what’s up in the world of student loans? The Trump administration is gearing up to start garnishing wages from borrowers who’ve fallen behind on their payments, and that’s set to kick off in 2026. Yep, you heard me right. They’re not just gonna sit around and let folks slide. Initially, they’re gonna send out around a thousand notices, but trust me, that’s just the tip of the iceberg. If you think this is gonna be a small wave, think again. It’s a tidal wave coming, and it’s gonna sweep a lot of people off their feet. The whole situation with student debt is like a never-ending saga, and honestly, it feels like a trap for millions of borrowers. We need to talk about the staggering $1.6 trillion in student loan debt that’s hanging over the heads of about 42 million people who are either behind or in default. That’s a hefty bag to carry, and it’s not gonna just disappear overnight. Now, let’s get real here. Even if they start garnishing wages or snatching tax refunds or Social Security checks, the reality is that the numbers barely budge. It’s a system that’s so entangled and complicated that it feels like we’re all just spinning in circles. Some folks are starting to think that we might be heading toward a student loan debt jubilee, and honestly, it’s not just a wishful thought. It’s becoming more of a necessity as the system pushes us closer to the edge. At the end of the day, it’s not just about people demanding a change; it’s about the fact that the current system might just leave us no choice but to rethink how we handle all this debt. So, keep your eyes peeled because things are about to get interesting in the world of student loans.

Takeaways:

1. The Trump administration is gearing up to garnish wages from student loan borrowers starting in 2026, which is a big deal.
2. Expect a flood of notices to go out to borrowers, with the initial wave being just the beginning of a larger effort.
3. The reality is that the vast majority of student loan debt, totaling $1.6 trillion, is unlikely to ever be fully paid back.
4. Seizing tax refunds or Social Security checks won’t significantly reduce the overall student loan debt burden we face today.
5. A student loan debt jubilee seems inevitable, as systemic pressures will force action whether we want it or not.
6. Ultimately, the system's failures will dictate the need for a dramatic solution to the student loan crisis we’re stuck in.

Links referenced in this episode:

1. jamesabrown.net

A thousand notices will go out first, but so many more will follow.

And my stance on this?

It's the same.

We are never, ever, ever, ever paying back all that student loan debt.

Like, ever.

It's $1.6 trillion of well meaning but poorly conceived, universally guaranteed pseudo government debt from 42 million people whom are behind or in default.

You can garnish wages or seize tax refunds or Social Security checks, and at the end of the day, the number barely moves.

That's why I believe a student loan debt jubilee is coming sooner than later.

Not because people will demand it, and they will, but because the system will leave us no choice.

On that note, I'm James A.

Brown and as always, be well.