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Older people in crosshairs as government restarts Social Security garnishment on student loans
As the Trump administration resumes collections on defaulted student loans, hundreds of thousands of older Americans with decades-old debts are now at risk of having their Social Security checks garnished.
Starting next month, certain Social Security beneficiaries face up to 15% garnishment of their payments. Here's why.
More than 450,000 elderly student loan borrowers are currently in default and potentially subject to benefit reductions.
As the Trump administration restarts debt collection this month on defaulted student loans after a nearly five-year pandemic-era pause, its plans for garnishing Social Security payments could ...
The Consumer Financial Protection Bureau estimated in January that 452,000 people aged 62 and older have student loans in ...
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