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Older borrowers will face “extreme consequences” when pandemic protections expire, congressional Democrats wrote in a recent letter. Krakenimages.com / Shutterstock.com
Older Americans who default on their federal student loan debt can risk losing up to 15% of their monthly Social Security benefits. And while this hasn’t been an issue for several years, some lawmakers say they’re concerned that if the practice resumes soon, it could lead to more older adults in poverty. Congressional Democrats sent a letter flagging the issue last week to administration…
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