For Unpaid College Loans,Feds Dock Social Security

SmartMoney ^ | 8/7/12 | Annamaria Andriotis

[nascarnation]

It's no secret that falling behind on student loan payments can squash a borrower's hopes of building savings, buying a home or even finding work. Now, thousands of retirees are learning that defaulting on student-debt can threaten something that used to be untouchable: their Social Security benefits.

[DH]

The people who are behind on their student loans are just as liable as anyone who defaults on any loan. They knew that going in.

Now the squeal that the lender is garnishing their SS check since they were not responsible enough to pay back the loan from the GOVERNMENT. The GOVERNMENT is the lender! Why should it continue to pay you (the retiree) while you don’t pay it?

[ilovesarah2012]

Student Cannot Find Job, Sues Monroe College Over Tuition
Do Schools Have More Duties Than Merely Providing an Education?

http://voices.yahoo.com/student-cannot-find-job-sues-monroe-college-over-tuition-3941714.html

When students sue their schools because they can’t find jobs

http://www.examiner.com/article/when-students-sue-their-schools-because-they-can-t-find-jobs

Can’t Find A Job After College? Sue!

http://www.theatlantic.com/business/archive/2009/08/cant-find-a-job-after-college-sue/22658/#

[tbw2]

I read somewhere that 90% of new student loans have parents as the cosigner - lenders are requiring it.

[jazusamo]

The most he’ll do for borrowers is come up with some measure to screw private student lenders.

I believe you nailed it, Huntress, that's what he'll do if he possibly can.