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WILL RETIREMENT RETIRE MY STUDENT LOANS?

I currently have a student loan acquired as the result of a company demand before being hired. I was 48 years old when I entered a state college and graduated at 50. I am now in default with the Stafford student loan managed by a state agency. I am currently 62 years old and want to know if this loan can be garnished from my Social Security check?

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  • http://GetOutOfDebt.org Steve Rhode

    These are government subsidized loans, correct?

    • Anonymous

      yes.

      • http://GetOutOfDebt.org Steve Rhode

        Yes, they could garnish your Social Security check since it is a government liability. I’d contact your servicer and ask about the Income Based Repayment program to get the lowest payment possible.

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