Older Americans Face Financial Crisis Over Defaulted Student Loans

The Trump administration has restarted collections on defaulted student loans, putting hundreds of thousands of older Americans at risk of having their Social Security checks garnished. Millions of debtors, including those in their 60s and 70s, have been affected by the policy change, which aims to recoup billions of dollars in unpaid loans. Critics argue that the policy disproportionately affects vulnerable populations, such as low-income retirees and those with disabilities. The government’s decision has sparked concern among many who feel they are being unfairly targeted, with some even resorting to drastic measures to cope with their debt burden.

Source: https://apnews.com/article/student-loans-debt-social-security-67a3a50a90aee3e6dda1ae4428094f97