Older Americans hurt by restart of SocSec garnishment

[Deminpenn]

8. If you read the story, you'll see that these student debtors are in their 60s and 70s

Many, if not most of them, I believe, have long since paid off the original loan amount plus at least some interest.

Unfortumately because of the 1995, iirc, law student loan debt cannot be discharged in bankruptcy. Senator Biden was a major backer of this 1995 bill and responsible for the part that makes student loan debt all but impossible to get out from under. Senator Biden, of course, was representing the big banks that are incorporated in Delaware and their interests. Representing constituent interests was one of his jobs as a senator from Delaware.

The solution would be for Congress to repeal this part of the 1995 and at least allow student loan debt to be subject to the same bankruptcy discharge criteria as every other personal debt. And credit to President Biden for recognizing the hardship paying off student loan debt is for many people and trying to rectify that with his loan forgiveness program.