politics
Sanders proposes bill to stop Social Security benefit garnishment for unpaid student loans
Sen. Bernie Sanders, I-Vt., announced a new proposal on Monday to protect federal student loan borrowers from having their Social Security checks garnished.
TL;DR
- Senator Bernie Sanders is proposing the Stop Social Security Garnishment Act to protect seniors' benefits.
- The bill aims to prevent Social Security checks from being garnished for unpaid federal student loan debt.
- About 9.5 million borrowers are in default on federal student loans, with nearly 1 in 4 at risk of having benefits seized.
- The Trump administration has temporarily paused involuntary collections for defaulted federal student loans.
- Around 9.6 million student loan borrowers are aged 50 and older, collectively owing nearly $457 billion.