Savvy Social Security January 26 Newsletter Now Available Online

Jan 26, 2017

In Can Social Security be Garnished? Elaine discusses the distressing practice of garnishing older Americans’ Social Security checks to pay off student debt.

The amount of student debt among consumers over 60 has quadrupled since 2005. Notably, these debtors aren’t struggling with the cost of their own educations: most of the loans in question were taken out to finance their children’s education, either directly or co-signed with the student as the primary borrower.

 

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