Re:The Number of Older Student Loan Borrowers Is Rising
by toomuchtodo on Thursday January 12, 2017 @03:34PM
(#13385843)
Great comment Chuck! Just wanted to add, as someone who is an avid armchair debt/creditor law junkie, that private student loans can not garnish/attach to social security, but federal loans can.
That's a very important distinction, because in a lot of states, social security and other government support benefits are verboten from garnishment. The only two federal garnishments against social security that can occur are for federal taxes, and federal student loans.
That's a very important distinction, because in a lot of states, social security and other government support benefits are verboten from garnishment. The only two federal garnishments against social security that can occur are for federal taxes, and federal student loans.