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The Nexus
POLITICSAug 17 · 10:00 UTCBUSINESS INSIDERAyelet Sheffey ([email protected])

Older student-loan borrowers are at risk of losing a chunk of their Social Security. There's a new bill to prevent that.

Sen. Bernie Sanders, Elizabeth Warren, and Ed Markey introduced legislation aimed at preventing Social Security garnishment for defaulted student-loan borrowers and those with disabilities. The proposed bill would prohibit the Treasury from seizing payments, providing protection against forced collections. This legislative action comes amidst record high student-loan defaults and concerns over debt relief after the elimination of SAVE.

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Older student-loan borrowers are at risk of losing a chunk of their Social Security. There's a new bill to prevent that. · The Nexus