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Explainers

Home » Guides » Explainers

Social Security garnishment: when student loans hit the check

August 25, 2026 by Daily Scope 24
Social Security garnishment: parchment check and steel student-loan envelope with a protective shield line

Social Security garnishment for defaulted federal student loans can take up to 15% of a monthly check (with a $750 floor from 1996). A new Senate bill would ban it. Here is the pause status, the risk, and what to do before offsets restart.

Categories Explainers Tags default, Sanders bill, Social Security garnishment, student loans, Treasury Offset Leave a comment

Home » Guides » Explainers

What the federal funds rate actually changes

August 14, 2026 by Daily Scope 24

It is a target for overnight lending between banks. Mortgage rates, credit cards, and savings APYs are cousins — they do not move on a single lever at noon.

Categories Explainers Leave a comment

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