Birdwatch Archive

Birdwatch Note

2023-06-04 01:43:13 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The majority of student loans are held by the federal government, which can forcibly seize assets of those who default on loans. https://www.fool.com/credit-cards/2017/03/11/what-happens-if-you-dont-pay-your-student-loans.aspx For example, the Department of Education can garnish up to 15% of a person's wages. https://studentaid.gov/help-center/answers/article/what-is-wage-garnishment

Written by A2F1B175A9934748253F076F581E4C7B4F1BF7C11E8DFE35FC1171B21D6FEFE6
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• noteAuthorParticipantId - A2F1B175A9934748253F076F581E4C7B4F1BF7C11E8DFE35FC1171B21D6FEFE6 Participant Details
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• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• The majority of student loans are held by the federal government, which can forcibly seize assets of those who default on loans. https://www.fool.com/credit-cards/2017/03/11/what-happens-if-you-dont-pay-your-student-loans.aspx For example, the Department of Education can garnish up to 15% of a person's wages. https://studentaid.gov/help-center/answers/article/what-is-wage-garnishment