This group could see a significant cut to their Social Security benefits starting in June 2025
From June 2025, a significant group of Social Security recipients could face monthly reductions in their checks due to unpaid student debtThe Trump administration has confirmed that Social Security recipients who are in default on federal student loans will begin to see a 15% reduction in their monthly payments. This measure marks the resumption of collections that had been suspended since March 2020 due to the COVID-19 pandemic, under the Treasury offset program known as the Treasury Offset Program (TOP).Elon Musk quietly leads controversial DOGE cutsThe decision will primarily impact seniors and people with disabilities who rely on Social Security as their primary source of income. According to the Department of Education, about 195,000 borrowers have already received collection notices, and all 5.3 million delinquent borrowers are expected to receive similar notifications over the summer.The law allows the government to […]