Legal Question in Credit and Debt Law in Nebraska

Can an agency like Sally Mae take all of a retired persons Social Security, if they co-signed for a school loan?


Asked on 10/03/12, 2:27 pm

1 Answer from Attorneys
Matt Jenkins DeMars, Gordon, Olson, Zalewski and Wynner

Although I have not personally encountered this issue, it appears that the federal government can garnish some of a retired persons social security income (so long as that person makes over $750/month in SSI). Here is an article for more details:

http://www.smartmoney.com/borrow/student-loans/grandmas-new-financial-problem-college-debt-1344292084111/#tabs

Read more
Answered on 10/03/12, 2:43 pm


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