Thousands of retirees may soon see Social Security checks docked by 15% as Trump admin resumes collections

[Yo_Mama_Been_Loggin]

For millions of older Americans relying on an embattled Social Security system to cover their bills, another financial gut punch may be on the way — and it’s coming from their own student debt.

Under a Trump administration move to resume collections on federal student loans, borrowers in default could soon see their Social Security benefits docked by as much as 15%, higher education expert Mark Kantrowitz told CNBC.

That means retirees already living on fixed incomes could lose a big chunk of their monthly checks with little warning.

And for the hundreds of thousands of borrowers 62 and older who have defaulted student loans — it could be an unhappy surprise in the mail.

https://finance.yahoo.com/news/thousands-retirees-may-soon-see-144500985.html