How do unpaid student loans impact Social Security benefits?

Wettstein, Gal, and Siyan Liu. “How do unpaid student loans impact Social Security benefits?”. Issue in Brief 23-1, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, January 2023. http://hdl.handle.net/2345/bc-ir:109618.
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Abstract

The brief's key findings are: (1) Student debt among retirees is not currently large, but their debt-holding and delinquency rates have been rising rapidly. (2) Retirees with delinquent loans can have part of their Social Security benefits withheld to pay the loans. (3) Black households are more likely to hold student debt and to have delinquent loans. (4) The study finds that current and future retirees with delinquent debt could face a 4-6 percent drop in retirement income due to withheld benefits. (5) But, the Biden administration's plan would greatly reduce both debt and delinquency for future retirees and shrink racial inequality.

Title
How do unpaid student loans impact Social Security benefits?
Author
Wettstein, Gal
Liu, Siyan
Center
Center for Retirement Research
Genre
report
Date Issued
January 2023
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
23-1
Persistent Link
http://hdl.handle.net/2345/bc-ir:109618
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Social Security

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