Amends the Higher Education Act of 1965 to provide incentives for States to enact garnishment laws to collect defaulted student loans. Allows any State that enacts a garnishment law meeting specified criteria under this Act to claim a greater amount of administrative costs under its guaranty agreement with the Secretary of Education for subsidy payments on loans insured under its student loan insurance program.
Introduced in House
Introduced in House
Referred to House Committee on Education and Labor.
Referred to Subcommittee on Postsecondary Education.
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