Complying with student loan wage garnishment orders can be challenging, but employers play an essential role in assisting both student loan borrowers and debt collectors, a federal official said March 11.
Employers need not worry about wage garnishments on federal student loans until October because of the Fresh Start Program, said William Hinkle, a section chief for the Consumer Financial Protection Bureau. The program extended the wage garnishment pause on student loan payments and provides a way for borrowers to get out of default.
“The Fresh Start Program will last until October, and then all regular collections will resume,” he ...
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