Friday, September 12, 2014

Social Security garnishes benefits to pay student loan debts

People with unpaid student loan debt are finding that Social Security garnishes their benefit payments, CNN is reporting today in a story by Patrick Sheridan, link, with  assistance from legal advisor Joshua Cohen.  The public may be surprised that a number of baby boomers are now reaching 62 with unpaid student loan debt,

It is possible to negotiate a payment schedule, which will be inflexible once set up, with the institution that holds the note.  

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