#studentloans — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #studentloans, aggregated by home.social.
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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
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Here’s How You Can Challenge Wage Garnishment for Defaulted Student Loans
The Trump administration announced that this week it will start forcibly collecting money from student loan debtors. -
Understanding a CIBIL score early often changes how loan applications are evaluated. Credit awareness helps borrowers identify issues in advance, improve eligibility, and approach lenders with better clarity.
This overview explains how checking a CIBIL score in advance influences loan outcomes and why preparation matters in today’s lending system:
https://medium.com/@candies.ncgtc/checking-your-cibil-score-early-can-change-your-loan-experience-ce9a5900a027#CIBILScore #EducationLoan #CreditScoreIndia #PersonalFinance #StudentLoans #FinancialLiteracy #LoanAwareness #IndiaFinance
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Dems Blast Education Department for Removing Complaint Button on Website
Submitting a complaint is now a “multi-step, illogical navigation process,” the senators said. -
Social Security payments could shrink as much as 15 % in June, to as low as $750 per month, for some recipients who owe student loans, after the Trump Administration made a rule change.
An estimated 450K people over age 62 could be affected.
🔗 You can contact the government's Default Resolution Group and pursue several different avenues to get out of default, including enrolling in an income-driven repayment plan.
"If Social Security is their only income, their payment under those plans would likely be zero," president of non-profit The Institute of #StudentLoan Advisors said.
https://myeddebt.ed.gov/🔗 Rule change notice: https://www.ed.gov/about/news/press-release/us-department-of-education-begin-federal-student-loan-collections-other-actions-help-borrowers-get-back-repayment
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#SAVE #StudentLoan Borrowers Likely Won't Make Payments This Year, but Should Do This One Thing Now
https://www.cnet.com/personal-finance/loans/save-student-loan-borrowers-likely-wont-make-payments-this-year-but-should-do-this-one-thing-now/
#education #studentloans #college #university -
#StudentLoan Borrowers Should Do These 6 Things Before the Summer
Here's how to take charge of your #studentloans as collections processes ramp up and #debtrelief options narrow.
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#PersonalFinance #Investing #FinancialFreedom #RetirementPlanning #DebtFree #FrugalLiving #StockMarket #Crypto #RealEstate #FinancialLiteracy #WealthBuilding #Budgeting #SavingsGoals #EmergencyFund #DividendInvesting #TaxPlanning #Entrepreneurship #PassiveIncome #CreditScore #FinancialPlanning #FIREmovement #MillennialMoney #MoneyMindset #DebtRepayment #SideHustle #StudentLoans #MoneyManagement #FinancialGoals #RoboAdvisors #ETFs
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