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The disturbing trend of people losing Social Security benefits to student debt

To recoup student-loan debt, the government is leaving people who rely on Social Security with benefits that

fall below federal poverty guidelines, the Government Accountability Office said Tuesday.

The number of older Americans defaulting on education loans has steadily increased in recent decades, as many

have returned to college or co-signed loans for family members. Unpaid debt has resulted in the government

garnishing the benefits of 114,000 people age 50 and older in the past year, more than half of whom were

Student loan debt crushes senior citizens

Americans older than 60 are saddled by student loan debt worth a whopping $86 billion — a figure that rose 161% between 2010 and 2017, the largest increase out of any age group, the WSJ reports.

Lawmakers: Change state law that bars Texans in default on student loans from renewing work licenses

State lawmakers, including some of the most conservative members of the Texas House, say changes should be made to a state statute that bars workers from renewing their professional licenses if they are in default on their student loans.

Not paying your student loans could mean losing your job—here's how to avoid that

Forty-four million Americans hold a total of $1.3 trillion in student loan debt. According to the Federal Reserve, the average amount of debt held by student loan borrowers is $32,731, and the average monthly amount due is $393.

Of these borrowers, 19 percent are behind on their payments.

If you miss a payment on your federal student loans, you have 270 days to make a payment before your debt goes into default. More than 3,000 people default on their federal student loans every day.

"Nothing in life is to be feared. It is only to be understood."
– Marie Curie
"If we don't change direction soon, we'll end up where we're going."
– Irwin "Professor" Corey
"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
“What I would like to do... once I take care of all my kids' student loans, is buy a red 1965 Mustang and fully restore it.”
– Mike Quigley
"There is scarcely anything that drags a person down like debt."
– P. T. Barnum
“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson
The road to success is always under construction
– Lily Tomlin