💨 Abstract

As the Trump administration restarts collections on defaulted student loans, many older Americans face financial hardship. Hundreds of thousands of individuals aged 62 and older are at risk of having their Social Security checks garnished to repay decades-old debts. Christine Farro, a 73-year-old retired child welfare worker, exemplifies this challenge. Despite her efforts to live frugally, her $250,000 student loan debt threatens her financial stability.

Courtesy: wtop.com