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Sunday, May 21, 2006

"Bad news" for boomers: High Court ruling targets unpaid student loans

"The ruling may come as bad news for many Baby Boomers who are near retirement age. While the government has backed billions of dollars in bank loans to college students, those loans become the government's debt if the former students default. Lawmakers have made clear those debts should not be forgiven simply because the former students are disabled or retired."

"High Court Rules Social Security Can Be Garnisheed"
Los Angeles Times
via San Francisco Chronicle

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