Final answer:
Federal student loans can result in garnishment of 15% of a borrower's disposable income, which can have significant financial consequences for graduates with high levels of debt.
Step-by-step explanation:
Federal student loans can result in a garnishment of 15% of disposable income. When a borrower defaults on their student loan, the government can garnish wages to collect on the unpaid debt. Concerns about rising tuition and the burden of student loan debt are significant issues for many college students in Michigan and across the nation. High levels of debt can limit economic options for graduates, potentially forcing them to delay major life decisions and purchases, such as buying cars or housing, and may even require them to move back into their parents' homes.