Social Security Benefits Under Threat as Student Loan Garnishments Resume
The Trump administration has paused cuts to Social Security benefits for borrowers defaulting on student loans, but impending changes could drastically affect payments for many. Approximately 450,000 older Americans may experience reductions in their Social Security checks starting in June due to the resumption of student loan garnishments. With the potential for garnishments reaching up to 15% of benefits, borrowers aged 62 and over are particularly at risk. The government is now preparing to withhold Social Security payments to cover unpaid student debt, prompting fears among retirees about their fixed incomes. Affected beneficiaries are encouraged to check payment dates and seek relief as these changes unfold.
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