Garnishing wage income happens already. In the UK, that’s the actual repayment mechanism for most. In this US, it’s a collection option if the loan is in default.
Look, if prices are as ludicrously high as they are, and this is a loan rather than a subsidy, you can’t make it less onerous without recovering that loss (for the lender; gain for the defaulting borrower) somehow (charging higher rates to those who DO pay, basically).
Garnishing wage income happens already. In the UK, that’s the actual repayment mechanism for most. In this US, it’s a collection option if the loan is in default.
Look, if prices are as ludicrously high as they are, and this is a loan rather than a subsidy, you can’t make it less onerous without recovering that loss (for the lender; gain for the defaulting borrower) somehow (charging higher rates to those who DO pay, basically).