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Millions of US Seniors Still Owe Student Loan Debt
Valerie Warner is 71 years old — and owes $268,000 in student loans. Roughly 40 years ago she went to law school, but was only able to find work as a legal aid and later work in the public school system, which the Washington Post calls "a rewarding job but one that didn't pay enough to wip...
They say the department could use a little-known federal statute that considers a person's ability to pay within a reasonable time and the inability of the government to collect the debt in full. The article points out that the U.S. government will garnish up to 15 percent of the Social Security income to recoup student loan debt, even if it means leaving recipients below the poverty line. But it also includes this quote from Adam Minsky, an attorney who specializes in student debt, about the prospects for federal action that survives challenges in the U.S. court system.
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