Sen. Wieckowski to hold Sac State press conference on bill to help private student loan borrowers

SB 16 helps level the playing field for borrowers who have defaulted on their private loans

August 28, 2017

Sacramento – State Senator Bob Wieckowski (D-Fremont) will be joined by California State University students at a press conference in support of his Senate Bill 16, which would lower the cap on the amount of wages private student loan lenders can garnish from borrowers.  The bill, supported by a large group of consumer advocates, is currently on the Assembly floor and is one step away from going to the Governor.

“Student loan debt is a large burden on the backs of students, graduates, professionals, and parents, who often co-sign the loans,” said Wieckowski, a member of the Senate’s Judiciary Committee.  “SB 16 provides a little more parity with federal loans, by lowering the wage garnishment cap from 25 percent to 15 percent, the same as the federal level. This will provide those Californians who have defaulted on their private loans with a much better chance of managing day-to-day expenses while still paying down their student loan debt.”

 

Who:               Senator Bob Wieckowski; Associated Students Inc., Sacramento State;  California State Students Association; CalNonprofits; Legal Aid Association of California

What:             Senate Bill 16 press conference

Where:           Lobby Suite, University Union (first floor), Sacramento State, 6000 J Street, Sacramento, California

When:             9 a.m., Wednesday, August 30, 2017

Sen. Wieckowski represents the 10th District, which includes southern Alameda County and northeast Santa Clara County.