Thursday, December 08, 2005

Coming Back to Bite You

The Supreme Court says the federal government can seize an old, disabled man's Social Security payments to pay for 20-year-old student loans.

Outstanding student loans total about $33 billion, $7 billion of which is delinquent debt.

1 comment:

Andrewx1966 said...

Ms. Kamenetz:

I feel sorry for the gentlemen described here. Sad situation. (I have diabetes myself, so I feel for him.) However, I do believe in paying off debts after you incur them. Otherwise, no long could get student loans, or car loans for that matter.