Senator Bernie Sanders announced a new bill, the Stop Social Security Garnishment Act, aimed at protecting seniors from having their Social Security benefits withheld to repay unpaid federal student loans. The legislation, backed by Senators Elizabeth Warren and Ed Markey, will be formally introduced when the Senate reconvenes next month. Approximately 9.5 million borrowers are in default on their student loans, with nearly 1 in 4 at risk of having their wages or Social Security checks seized. The Trump administration has paused involuntary collections, but Sanders seeks to codify this protection into law. About 9.6 million student loan borrowers are age 50 or older, holding nearly $457 billion in outstanding loans.
Source: Read the original article
