Will Feds Force Business to Take Student Loans Out of Your Paycheck?

Credit: McElspeth

 

That is the problem with owing the government, they play rough. Just ask anyone who owes the IRS.


(From CNBC)

Student loan borrowers would have their monthly bills automatically deducted from their paychecks if a Republican-backed proposal becomes law. . . .

Under [Senator Lamar] Alexander’s proposal, there would be just two repayment routes: one in which borrowers’ monthly bills are capped at 10 percent of their discretionary income and another that spreads their payments out over a decade.

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