Uncle Sam Docking Social Security Benefits for Unpaid College Loans
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Tags: Uncle Sam Docking Social Security Benefits for Unpaid College Loans
The Federal government is now rapidly withholding money from Social Security checks of retirees who have fallen behind on their federal student loans.
According to Smartmoney.com, the government reduced the size of roughly 115,000 retirees’ Social Security checks from January through August 6, and that’s nearly double the pace of the department’s enforcement in 2011.
Many of these retirees are not even on the hook for their own education, but went into debt to help pay the cost of their children’s education or their grandchildren’s tuition.