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Your Social Security check could shrink by 15% starting June 3rd if you have defaulted on federal student loans.
The payment freeze is over and garnishments are resuming after nearly 5 years. Starting in June 2025, some Social Security recipients may see their monthly benefits shrink by as much as 15%. The culprit? The resumption of federal student loan garnishments after nearly five years of pandemic-era protections. The Trump administration’s April 21 announcement marked the end of collection freezes on…
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