A GOP proposal could snatch your student loan payment right from your paycheck

(CNBC) - Student loan borrowers would have their monthly bills automatically deducted from their paychecks if a Republican-backed proposal becomes law. Sen. Lamar Alexander R-Tenn. chairman of the Senate Health Education Labor and Pensions Committee laid out the details of the massive overhaul to the student loan system in a speech earlier this month. The changes could affect some 40 million people. Read More