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Comments by "" (@MrEab2010) on "Seniors In Poverty Lose Social Security $ Over Student Loan Debt" video.
Kyle is 100% right, you can only be absolved of student loan debt if you can prove financial impoverishment to the Dept. of Education. Good luck doing that with a greedy billionaire Amway saleslady in charge.
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Global Warming Skeptic wrong, it has been done to people I know. It is automatic and cannot be reversed unless you get a special waiver from the Dept. of Education.
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Global Warming Skeptic this law doesn't apply to Federal student loans. I own a financial services firm and a few of my clients have 20% of the SS checks garnished by the DOE to repay delinquent loans. Only way out is a temporary waiver or a permanent forgiveness after proof of indigence for 3 years, both from the DOE.
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Global Warming Skeptic the way the law works is if you are in default on a GSL or NDSL loan, the DOE will run your SS number and if it comes back a hit they will notify the SSA to withhold up to 20% of your SS benefit check. This is automatic and cannot be reversed unless you contact the DOE and request a temporary waiver (I don't remember how long) or permanent release of the debt after 3 years of monitoring your income status. You are dead wrong and should contact the DOE at 888-303-7818 or www.disabilitydischarge.com. Hope this helps people who aren't as dense as you.
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***** the SSA number is 800-772-1213. Call them and the DOE number I posted on Tuesday and they will confirm what I have said. You are in error and are misleading other people who think they have nothing to worry about. I call that irresponsible.
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***** I will continue to point out your error whether you like it or not.
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Global Warming Skeptic what Kyle is addressing is that SSA at the behest of DOE will automatically deduct your student loan debt from your monthly benefits check. On that point he is 100% correct.
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***** if you agree with me then there is no argument.
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***** it happens, sometimes I shoot a good guy. ;)
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