Mary Glod, 73, faces financial strain from her $31,000 in student debt as federal collections resume, threatening her limited Social Security income. Previously supported by a moratorium, Glod expressed concern over potential wage garnishment and the feasibility of her projected monthly loan payments. Reports from numerous retirees reveal a shared anxiety about impending defaults and their reliance on Social Security, questioning the balance between accountability in student loans and the harsh realities faced by older borrowers. Trump's administration argues that restarting collections promotes financial responsibility among borrowers.
"When you're only getting a thousand dollars a month, and you've got rent and you've got utilities, I just can't pay that much," Glod told Business Insider.
"Borrowing money and failing to pay it back isn't a victimless offense. Debt doesn't go away; it gets transferred to others," wrote education secretary Linda McMahon.
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