#studentloan — Public Fediverse posts

Older #StudentLoan borrowers are at risk of losing a chunk of their #SocialSecurity. There's a new bill to prevent that.

Story by Ayelet Sheffey, August 17, 2026

"Student-loan borrowers could lose their Social Security checks if they fall behind on their loan payments. Democratic lawmakers want to put an end to that practice.

"On Monday, Sens. #BernieSanders, #ElizabethWarren, and #EdMarkey introduced a bill to prevent older student-loan borrowers and borrowers with disabilities from facing Social Security garnishment if they default on their payments.

"A fact sheet of the legislation reviewed by Business Insider said that the bill would prohibit the Treasury from seizing Social Security payments, including Social Security Disability Insurance, and protect those borrowers from 'unnecessary forced collections.'

"Sanders said in a statement that 'in the richest country in the history of the world, no senior should have their Social Security payments taken away from them to pay back student debt.'

" 'This is especially true when seniors throughout the country already cannot afford the skyrocketing price of healthcare, prescription drugs, groceries and housing,' Sanders said. "Congress must pass this legislation.'

"The legislation comes as student-loan defaults are at a record high. Over 9 million borrowers were in default as of March, according to the latest Education Department data, which happens when a borrower has missed payments for 270 days.

"The New York Federal Reserve's latest household debt report showed that student-loan delinquencies stood at 10.6% in the second quarter of 2026 — up from 10.3% in the first quarter. Pre-pandemic delinquency rates were around 11%, and researchers said the latest data showed that delinquency is stabilizing. Yet researchers said that number could rise again due to the elimination of the Biden-era SAVE repayment plan, which gave borrowers affordable payments and a shorter timeline to debt relief."

Read more:
https://www.msn.com/en-us/news/other/older-student-loan-borrowers-are-at-risk-of-losing-a-chunk-of-their-social-security-there-s-a-new-bill-to-prevent-that/ar-AA2ahcsA?

#SAVEPlan #StudentLoans #USPol #TrumpSucks #CharacteristicsOfFascism

Courts grant injunctions against Biden’s student loan repayment plan

The future of President #Biden’s new #StudentLoan repayment plan is in doubt after a pair of federal judges issued separate #injunctions Mon preventing the govt from fully implementing & forgiving any more loans through the program while they consider lawsuits to end the #policy.

#law #StudentLoanForgiveness #StudentDebt #SAVE #debt #poverty
https://www.washingtonpost.com/education/2024/06/24/student-loan-repayment-plan-lawsuits/

The Lifelong Learning Entitlement (LLE) goes live in September 2025 and will potentially transform the post-18 student finance system in England. The LLE will help people pay for college or university courses, and train, retrain and upskill flexibly over their working lives.

Potential game changer?

#LLE #Studentloan #Apprenticeships #UCAS #degree #studentdebt #studentfinance
https://buff.ly/3V7c7OW