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October 30, 2005
Can Student Loans Come Back to Haunt You?
Indeed they can! Especially so if you don’t pay ‘em back. Read on:
“James Lockhart was surviving on $874 a month in Social Security disability payments plus $10 in food stamps when his student loans from nearly 20 years earlier caught up with him.
He was told his Social Security checks would be cut by 15 percent, an offset to pay more than $80,000 in delinquent student loans. The next day, he started legal action that has led to a hearing Wednesday before the U.S. Supreme Court.”
Sheesh. WTF did you expect Mr. Lockhart? What government gives you it can take back when it wants to, eh?
This is one more sad example of why anyone with any sense avoids being part of the dependency class. The state is a so-so servant (at best), but is always a terrible master.
Posted by Ali Massoud at October 30, 2005 03:43 PM
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