Tag Archives: sb 16
CFC supports equal protection for private student loan holders (SB 16)
If a borrower defaults on a private student loan, a creditor can garnish up to 25% of that borrower’s income. If a borrower defaults on a federal student loan, the maximum garnishment is 15%. SB 16 (Wieckowski) will ensure that the maximum garnishment is the same for … Read More ›