Student Loan Change Would Bar Social Security Garnishment for Payments
Summary
Senator Bernie Sanders introduced a bill called the Stop Social Security Garnishment Act. It would stop the government from taking Social Security money from older adults and disabled people to pay off their overdue student loans.Key Facts
- The bill aims to protect Social Security and disability benefits from being taken to repay old student debts.
- About 9 million Americans are behind on their federal student loans and could face collections like wage or benefit garnishments.
- More than a third of Social Security recipients with student debt rely on those benefits to pay for basic needs.
- The bill is supported by Sanders and several other Democratic senators, including Elizabeth Warren and Ron Wyden.
- The legislation would help retirees and disabled people keep access to money for health care, medicine, food, and housing.
- Sanders introduced the bill on August 17, and it must pass congressional committees and votes to become law.
- Some lawmakers worry that supporting this bill might be seen as backing student loan forgiveness.
- The bill responds to concerns about student loans affecting older Americans’ financial security in retirement.
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