Ran across a site (didn"t note which) that said in 2008 the Feds lifted the 10-year rule on collection of defaulted Ag, SBA and other loans, and that they were using Fed right of offset to take part of SS pmts to people who owed on such defaulted loans.
Don"t know if this quietly passed or whether I just missed it at the time. Apparently means if you defaulted on various types of Fed loans in the past, still owe a balance and are now drawing SS, Feds might deduct a bit.
Don"t know if this quietly passed or whether I just missed it at the time. Apparently means if you defaulted on various types of Fed loans in the past, still owe a balance and are now drawing SS, Feds might deduct a bit.