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Student Loans and Social Security: New Legislation Introduced

Www.plansponsor.com’s Rebecca Moore takes a look at H.R. 1937: Student Security Act of 2017, introduced last year with an objective of providing “loan forgiveness to borrowers of Federal student loans who agree to delay eligibility to collect Social Security benefits, and for other purposes.” If enacted, borrowers would be able to receive forgiveness of $550 for each month they agree to defer Social Security benefits beyond their full retirement age, up to a maximum of $40,150. As explained in Ms. Moore’s, the offset in Social Security benefit disbursements could result in $725 billion over 75 years, representing a positive effect on the program’s insolvency issue. Read her post here…

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