Bonfire of the Absurdities in News New Format

For unpaid college loans, Feds dock Social Security benefits

For unpaid college loans, Feds dock Social Security benefits. “Many of these retirees aren’t even in hock for their own educations.” Student loan debt is like a zombie, it never dies. Our advice: nix cosigning loans for little Johnny to get a degree in Transgender Marxist Dance Studies unless your name is Buffet.

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Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (2)

MKR148 says:

August 10, 2012 at 5:13 pm

Are you F’ing kidding me!! There are folks out there that are old enough to still have unpaid student loans yet are eligible for SS!? I paid mine back A-holes now you pay yours! To top it off I will probably never get to collect on the SS that I have paid into my whole working life because it will be broke by then!!
- poppajoe49 says:
  
  August 11, 2012 at 3:23 am
  
  It's not exactly THAT bad!!
  
  FTA:
  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. Harold Grodberg, an elder law attorney in Bayonne, N.J., says he's worked with at least six clients in the past two years whose problems started with loans they signed up for to help pay for their grandchildren's tuition.