Student Loan Payments May Be Withheld from Your Social Security Check

Bulletin Today | Money & Savings | WorkIf you’re a parent or grandparent considering taking out student loans for a college-bound student, here’s something that will make you think twice. Older adults who’ve fallen behind on federal student loans risk getting smaller Social Security benefits because the federal government is withholding a portion that money — and the number of people in this situation is increasing. From January 1 through August 6, the government reduced the amount of Social Security payments of about 115,000 retirees, nearly double …