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Elizabeth Warren calls for new leadership to oversee student loans — and calls Betsy DeVos era a ‘disaster’

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When Congress ordered the Department of Education to stop garnishing the wages of borrowers who defaulted on their student loans as part of the CARES Act, the coronavirus relief bill passed in March, it took months for thousands to feel the impact in their paychecks. 

Though the Department has refunded more than $186 million in wages seized during the pause period, it’s likely that even today some borrowers are losing out on funds they’re entitled to. As of mid-October, 509 employers were still sending the agency wages they’d garnished from borrowers over defaulted loans, according to court documents. 

These firms may still be sending money seized from employees’…



Source marketwatch.com

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