Article: Student Loans ? Lose Social Security Benefits If You Don?t Pay
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Student Loans ? Lose Social Security Benefits If You Don?t Pay
A vast majority of people take out student loans to pay for higher education. The Supreme Court has decided to make social security benefits a means of repaying them.
No Benefits For You!
While millions borrow money to attend college and graduate school, not everyone pays this money back. The failure to pay can result from circumstances such as a slow job market, failure to finish school and health problems. Of course, there are the select few who simply welch on the repayments. The U.S. Supreme Court rendered a decision on December 7, 2005, impacting people who are behind in paying their loans.
In Lockhart v. United States, the Supreme Court was asked to rule on whether the federal government could seize social security benefits to cover outsta...
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