A bill to provide incentives for States to enact garnishment laws to collect defaulted student loans.

[AI summary unavailable — showing source text] 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.…