Govt. to Deduct Social Security Payments from the Elderly to Pay Their $18 Billion in Student Loans
Think you can live long enough for the government to forgive your student loans? Think again. In fact, the government says it will never forget or forgive, and instead will take it out of your Social Security check, each month. We have Congress to thank for that. As a result of legislation passed in 1996, people over the age of 65 can have their Social Security checks garnished to pay off student loans. According to a recent report by the Government Accountability Office, there are over 700,000 seniors on Social Security who are still paying on these loans –...
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