Student-loan borrowers could lose their Social Security checks if they fall behind on their loan payments. Democratic lawmakers want to put an end to that practice.
On Monday, Sens. Bernie Sanders, Elizabeth Warren, and Ed Markey introduced a bill to prevent older student-loan borrowers and borrowers with disabilities from facing Social Security garnishment if they default on their payments.
A fact sheet of the legislation reviewed by Business Insider said that the bill would prohibit the Treasury from seizing Social Security payments, including Social Security Disability Insurance, and protect those borrowers from “unnecessary forced…
