Latest News
Your Social Security May Be Garnished for Delinquent Student Loans - Motley Fool
The Federal Government can withhold up to 15% of your Social Security if you are delinquent on a Federal Student Loan, but your benefit cannot be reduced below $750 per month.
According to the Consumer Financial Protection Bureau (CFPB), an estimated 452,000 Social Security beneficiaries are currently delinquent on their loans. This includes retired workers, the disabled, and survivors. Garnishment of Social Security benefits is on pause, but it could be reinstated in 2026.
Sean Williams has written an article with guidelines to help you prevent this from happening. There are options available to avoid this if garnishment should be reinstated. The disabled may qualify for a TPD, Total and Permanent Disability, discharge program. If you become disabled before your full retirement age (FRA), this is done automatically by the Social Security Administration. If you are not disabled, you have the option to apply for financial hardship with the Department of Education (DOE). You will need to prove that your expenses will be higher than your income. Take control of your financial future—read the full article now to learn how you can protect your Social Security benefits. Click here….
The link provided above connects readers to the full content of the posted article. The URL (Internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.