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Social Security and Garnishment: Taking a Look at the New Rules
The new rules for outstanding student loan debt have changed the landscape for many Social Security beneficiaries. And that’s not a trivial number of folks, since it’s estimated that about 5 million recipients of Social Security benefits have outstanding federal student loan debt. That makes the resumption of collection operations a very real concern for some seniors, and it does tend to shake up the picture when it comes to what can and can’t be subject to the long arm of garnishment. To learn more about the rules as they currently exist, check out this grada3.com article.