Tuesday, August 07, 2012
Consumer Credit & Granny's Student Loans
According to government data, compiled by the Treasury Department at the request of SmartMoney.com, the federal government is withholding money from a rapidly growing number of Social Security recipients who have fallen behind on federal student loans. From January through August 6, the government reduced the size of roughly 115,000 retirees' Social Security checks on those grounds. ...
Many of these retirees aren't even in hock for their own educations. Consumer advocates say that in the majority of the cases they've seen, the borrowers went into debt later in life to help defray education costs for their children or other dependents.
May 31, 2012
College enrollment shows signs of slowing
We are seeing early signs of long-lasting trouble.
Did I say cheery? I meant dreary. Sorry about that! Sigh.
P.S. I propose that the word verification should move to a "Guess the Random Number" model. I think I'd probably do about as well, lol.
Please join my Debt Neutrality Crusade.
Debt Neutrality would enable consumers to pay down their debts interest free as long as they don't
run up new debt of equal or greater amounts.
But then, recovering student loan debt by clipping SS benefits isn't either.
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