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    soeclectic's Avatar
    soeclectic Posts: 1, Reputation: 1
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    #1

    Dec 12, 2007, 01:00 PM
    Student Loan garnishment of Social security Benefits
    Previously the first $750 of monthly Social Security retirement benefits was exempt from levy by the I.R.S. A recent law has overturned that and your Social Security benefits can be garnished for 15% of the amount, regardless of the amount you receive.

    Does the $750 exemption still apply to garnishment for Student Loans or was that also overturned ?

    Thanks,
    John
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
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    #2

    Dec 12, 2007, 09:55 PM
    I have never heard that social security benefits can be garnished; to the contrary.
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
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    #3

    Dec 13, 2007, 07:52 AM
    Follow-up: Can my Social Security be tapped to pay defaulted student loans?


    QUESTION:


    Are survivors' Social Security benefits liable to garnishment by the government to satisfy defaulted student loan debts?


    ANSWER:


    Yes. The Debt Collection Improvement Act of 1996 (31 U.S.C. Section 3716(c)(A)(I)) now allows federal government agencies to offset Social Security benefits to collect debts such as student loans. Formerly these benefits were totally exempt; now you're left with a maximum exemption of $9,000 each year.

    Live and learn
    ehawk1's Avatar
    ehawk1 Posts: 1, Reputation: 1
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    #4

    Feb 28, 2011, 01:48 PM
    Cansurvivorsbenefitsbegarnishedforstudentloansifth eyareunderninethousanddollars?
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