Alabama debt repayment

Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments. Many of the states with the highest concentrations of defaulted borrowers are in the South, an AP analysis found. Mississippi has the nation’s highest default rate at 28.3%, and others near the top include Louisiana, Alabama, West Virginia, Oklahoma, Georgia, South Carolina and Texas.

The Trump administration said that it will begin garnishing the wages of student loan borrowers who are in default early next year. The department said it will send notices to approximately 1,000 borrowers the week of January 7, with more notices to come at an increasing scale each month. That could hit Alabama college students hard

Alabama is whittling down the debt it owes to a state trust fund for money borrowed during the recession.Gov. Robert Bentley announced Thursday that the…