Supremes: No Longer Necessary to Choose Between Paying the Loans or Starving
Because you can starve, you slacker.
The US Supreme Court has ruled that the gubmint can seize a person's social security benefits to pay off defaulted federal student loans. Sorry, brother- it's dog food and the Goodwill dumpster for you until those loans are settled.*
There is no mention though of being able to opt in to a social security payoff plan. I figure it like this: I don't believe I'm getting one red centavo of social security to begin with. Either the whole program will be defunct, or the retirement age will be like 104 before I can apply. So I would welcome an opportunity to affirm, today, that I authorize the US Department of Education to take the x-thousand I owe you out of my social security benefits.
Please?
Let me keep the coupla hundred I pay you monthly and you can have everything I've paid in so far. That'll about even us right up, and if it doesn't, help yourself to the difference when it's my time to collect.
*Apropos of an earlier post, the man in this suit worked at the post office yet was carrying $77k in student loans. To paraphrase Bluto Blutarski, "Seven years of college down the drain. Might as well join the fucking post office."
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They should put warning
They should put warning labels on those colleges. I learned nothing useful in class as an undergrad but I did truly enjoy the women and the beer.
Probably the right decision
Probably the right decision given the law but Jesus, disabled and working at the post office with $77K in loans?
Taking away SS is sort of like raping his grandmother while pouring sugar in his gas tank.
It was especially fun to go
It was especially fun to go back to college as a twenty five year old. Legal for beer and easy pickings... Anyway.
As far as SS goes, I'm with GL - even though I've paid off my student loans, I'd gladly make up some if I could get out from under the SS withholding tax.