Families often pull together to help finance a college education, with parents and grandparents chipping in or co-signing loans. And now, a SmartMoney report finds the U.S. government withholding money from Social Security recipients who’ve stopped paying on federal student loans.
And it’s an increasingly common event, as AnnaMaria Andriotis, a senior writer at SmartMoney, tells Morning Edition co-host Renee Montagne. Much of the debt stems from federal PLUS loans, taken out by older family members to help students.
Interview Highlights:
On a spike in activity
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