Social Security benefits can be taken to pay student loans in default

Aside from SS disability, the thought of someone still having student loan debt at FRA of age 67/68 is mind boggling. Anyone still carrying student loan debt nearly 50 years later made some poor choices on where they went to college, what they studied & maybe even didn't use the money to complete a degree.

I get bad life circumstances could have happened & this is why student loans should be able to be involved in bankruptcy. If this was allowed, predatory current educational systems & the government backed loans would never be issued or would a bit more difficult & worthwhile
 
I did not read the article.

Does this include loan co signers?
It didn't give that impression, it only talked about borrowers & said it only impacts about 5% of current Social Security beneficiaries. Didnt seem to indicate if that 5% of all it 5% of SS DI or SS Survivors. Can't definitely see it impacting Disability & Survivors beneficiaries as that can be widow's & even current college students, etc.......if only someone would come up with a financial concept that could create a lump sum of funds at untimely death or disability for pennies per month & pool the risk with others paying into the plan. Maybe, similar to how banks require business loans to be supported with collateral assignment to life policies, college loans could do the same
 
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