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Loan Zone

Do you have any unpaid student loans? Luckily, mine are paid off.

A case is going before the Supreme Court to resolve the legality of garnishing Social Security benefits from the elderly and the disabled to pay off past due loans.

"One federal law says Education Department officials should aggressively seek to collect money from those who defaulted on their government-backed loans. The agency can do so by garnishing wages or seeking other sources of money.

But a second law says the government should not take Social Security benefits to repay debts that are more than 10 years old."

The Supreme Court agreed to take a case on this issue because the lower courts are in disagreement. I look forward to seeing how they rule on this one.

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( 1 comment — Leave a comment )
weelisa
Apr. 28th, 2005 02:43 pm (UTC)
I know in Canada they passed a law so that one couldn't declare bankruptcy for student loans - like payments due in lost court cases, they remained intact after bankruptcy and still have to be paid in full. Is that also true in the US?
( 1 comment — Leave a comment )

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