Weatherhead's Jonathan Ernest discusses the consequences of student loan wage garnishment

If you're in student loan default, Trump might start garnishing your wages. Now what?

U.S. News & World Report: Jonathan Ernest, assistant professor at Weatherhead School of Management, warned that large-scale student loan wage garnishment could ripple through the economy. He said taking up to 15% of millions of borrowers’ paychecks would reduce consumer spending and could trigger more defaults on home and auto loans as households face shrinking take-home pay.