Thursday, March 21, 2024

Retirement: Lawmakers: Stop offsetting Social Security for student loan defaulters

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Retirement

Thu Mar 21 2024

Lawmakers: Stop offsetting Social Security for student loan defaulters

In 2022, 4 in every 10 high school students failed to complete the Free Application for Federal Student Aid form, FAFSA, leaving almost $3.6 billion in Pell Grants unused, according to the National College Attainment Network.

The federal government typically withholds some of the benefits for older borrowers in default. Some Democratic lawmakers want that practice to end.

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