EPY: How to Suspend Federal Student Loan Garnishments
(Doc ID 2661383.1)
Last updated on NOVEMBER 26, 2021
Applies to:PeopleSoft Enterprise HCM Payroll for North America - Version 8.9 to 9.2 [Release 8.9 to 9]
Information in this document applies to any platform.
House Bill H.R. 748: Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted on March 27, 2020. Section 3513 of the Bill suspends Federal Student Loan garnishments.
The Department of Education announced the suspension will last at least 60 days beginning on March 13. Department of Education statement can be viewed here.
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