I am a theater major have run out of any options on the private loans
I have a private student loan through AES and to make a long story short my loan is now in collections. My dad is 84 and cosigned my loan he is now in a nursing home. I am getting threatening collection letters, my question is can they try and take my dad’s social security on a private loan? I know they can for federal loans is a private loan different in regards to garnishing social security.
As far as I am aware, since it is a private loan, social security benefits can’t be garnished as it could with a government backed loan. That doesn’t mean they won’t try though and still sue him.
I would find an attorney licensed in your state and confirm it with them if you are unsure.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.Can My Father's Social Security Be Garnished for My Private Student Loan? - Michael by Steve Rhode