20-P-032 Suspension of Continuing Education Garnishments for US Department of Education (March 30, 2020)
|
Informational Circular No. 20-P-032 |
||
|---|---|---|
|
Effective Date: |
March 13, 2020 |
|
|
Contact Name: |
Ph: |
Email: |
| Approval: | Nancy Ruoff (Original Signature on File) |
|
Summary: Suspension of Continuing Education Garnishments for US Department of Education
In a press release dated March 25, 2020 U.S. Secretary of Education Betsy DeVos announced that, due to the COVID-19 national emergency, the U.S. Department of Education will halt collection actions and wage garnishments for student loans due to the Dept of Education for a period of at least 60 days from March 13, 2020. In additional Q&A information available at https://studentaid.gov/announcements-events/coronavirus, the Dept. of Education notes that it will refund any funds received by the Dept. of Education for wages garnished during the transition by employers to comply with the announced changes.
To comply with the announcement, effective immediately, Statewide Payroll will be completing the necessary actions to temporarily suspend all wage garnishment for student loans collections due to the Dept. of Education, either directly or through a 3rd-party collection agent, and will re-activate the wage garnishments upon notification from the U.S. Dept. of Education. Regent agencies are responsible for making the necessary changes in their systems to comply with the announced changes.
JG:NTR
Printable Version of 20-P-032
