“Millions of seniors behind on student loans risk losing Social Security…”
March 26, 2024
“…Why it matters: Seniors are one of the highest risk categories with reports showing nearly 40% of borrowers aged 65 or older in default. Federal programs that claw those funds back mean seniors lose as much as $2,500 in Social Security benefits annually…
- More than 3.5 million Americans at or above the age of 60 hold student loan debt, collectively amounting to over $125 billion, per 2023 data from the think tank New America that lawmakers cited.
Catch up quick: Under the Treasury Offset Program (TOP), the federal government can collect tax refunds and benefits, such as Social Security, from those with outstanding student loans, per Federal Student Aid…”
https://www.axios.com/2024/03/20/student-loans-relief-congress-debt-social-security
A much bigger problem is the people who make these horrible debt decisions will vote for socialist / communist policies in order to wipe away their debt. It’s horrible for the country. College is a scam do not go unless your career requires a degree like a doctor for example. Otherwise avoid college like the plague.