Wednesday, August 22, 2012

Feds Cut Social Security to Retirees Who Owe Student Debt

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Social Security
By Mandi Woodruff

While most attention in the ongoing student debt crisis narrative has focused on new graduates, it turns out the federal government has been quietly targeting a different group of debtors: retirees.

The Treasury Department has been withholding as much as 15 percent of Social Security benefits from "a rapidly growing number of Social Security recipients who have fallen behind on federal student loans," Smart Money's Annamaria Andriotis reports:

"From January through August...

Feds Cut Social Security to Retirees Who Owe Student Debt originally appeared on DailyFinance.com on 2012-08-22T11:55:00Z.

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