Your Social Security Benefits Won't Be Garnished if Your Student Loans Are in Default -- for Now

The Trump administration paused its plan to garnish Social Security benefits for defaulted federal student loans. Pla2na/Getty Images/CNET In another recent turn of student loan news, the Department of Education announced it would pause wage garnishment efforts on Social Security benefits for borrowers whose loans are in default. In April, the Department of Education warned borrowers whose student loans were in bad standing that wage garnishment efforts would begin this summer. A borrower's tax return or up to 15% of their paycheck or Social Security benefits could be withheld. Monday evening's announcement came just hours before June's first round of Social Security checks were deposited. Checks are expected on June 3, 11, 18 and 25 -- depending on your birthday. If your student loans are in default, you should expect to get your full payment. However, Mark Kantrowitz, a student loan and financial aid expert, says that the pause could only be temporary. "Borrowers are still at ris ... Read full article.