student loans http://kvpr.org en Assembly Passes Bill Prohibiting Garnishing Wages Over Student Loan Debt http://kvpr.org/post/assembly-passes-bill-prohibiting-garnishing-wages-over-student-loan-debt <div><p>College students wouldn’t face the threat of lenders garnishing their wages if they can’t repay private student loans under a bill passed by the California Assembly today.&nbsp; Amy Quinton reports from Sacramento.</p></div><p>Unlike federal student loans, private student loans can’t be forgiven in bankruptcy and banks can garnish up to 25 percent of a student’s wages. Democratic Assemblymember Bob Wieckowski authored a bill he says would help under-employed, debt-saddled graduates. He says the bill would simply eliminate one way private lenders can collect repayment.</p> Fri, 12 Apr 2013 01:12:24 +0000 Amy Quinton 13487 at http://kvpr.org Assembly Passes Bill Prohibiting Garnishing Wages Over Student Loan Debt