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Student loans can sometimes affect your Social Security check
Some Social Security beneficiaries are finding themselves with student loan liability, either their own or as a result of co-signing for a child or grandchild. Unfortunately, your Social Security benefit could be vulnerable to repayment of a student loan, but the rules for when and how can be a little complex and hard to understand. Essentially, if the student loan is a through a private lender, they can’t take your Social Security; but if it’s a Federal student loan, up to 15% of your benefit might be taken for repayment. This Los Angeles Times article by Liz Weston explains that student loans can follow you to the grave. Click here to read more.