April 9, 2013 > Bill assisting student loan debtors clears first hurdle
Bill assisting student loan debtors clears first hurdle
AB 233 would prohibit garnishing the wages of borrowers for private student loans
Submitted By Jeff Barbosa
The first piece of legislation in Assemblyman Bob Wieckowski's (D-Fremont) Student Bill of Rights package was approved 7-2 on April 2, 2013 by the Assembly Judiciary Committee. AB 233 would prohibit garnishing a borrower's wages for private student loans.
"By preventing the garnishment of wages for private student loans, creditors will be more inclined to work with the debtor and figure out a repayment plan that the student can manage, benefitting thousands of young, under-employed Californians with oppressive education loans," Wieckowski said.