Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Quackers
Quackers's Journal
Quackers's Journal
August 25, 2014
Retirees' Social Security checks garnished for student loans
Joshua Cohen works with troubled student loan borrowers.
What's surprised Cohen lately is the increasing number of gray-haired people walking in his doors with a problem: A portion of their meager Social Security benefits are being taken by the government to pay for old student loans they had mostly forgotten about.
It's a growing national trend. Last year, 156,000 Americans had their Social Security checks garnished because of student loans they had defaulted on. It's tripled in number from 47,500 in 2006, before the Great Recession. That's according to analysis done by the U.S. Treasury for CNNMoney.
More at link:
http://money.cnn.com/2014/08/24/news/economy/social-security-student-debt/index.html?hpt=hp_t4
This is so sad.
Profile Information
Member since: Sun May 4, 2014, 02:40 AMNumber of posts: 2,256