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Government Accountability Office

Baby Boomers Increasingly Having Social Security Checks Garnished To Cover Student Loan Payments

Baby Boomers Increasingly Having Social Security Checks Garnished To Cover Student Loan Payments

According to a new report from the Government Accountability Office, the federal government is increasingly garnishing Social Security benefits to help cover student loans payments owed by baby boomers.  According the Wall Street Journal, a total of $1.1 billion has been garnished since 2001 with $171 million being collected in 2015 alone.