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Posts Tagged ‘student loans’

Social Security Payments Withheld Due To Unpaid Student Loans You’re My Boy Blue

August 17, 2012

About twice as many Social Security recipients are not receiving all of their Social Security payments this year because they have unpaid federal student loans, according to a report by  SmartMoney.com.

According to a 1996 law, the federal government has the authority to withhold portions of Social Security payments if defaulted debt is owed to the government, including federal student loans.

“It’s quite extraordinary because normally Social Security benefits can’t be touched by creditors,”  said Deanne Loonin, a staff attorney with the National Consumer Law Center.

Older students denied part of social security payments due  to outstanding student loans. Feds going old school.. Older students feeling Blue..

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Woman pleads guilty to accessing Obama’s student loan records.Sallie Mae Could Be Suspect

June 17, 2010

A woman pleaded guilty in Davenport federal court Wednesday to accessing Barack Obama’s student loan records without permission.Mercedes Costoyas, 53, of Iowa City, is one of nine people charged with exceeding authorized computer access.

The indictments were filed last month in U.S. District Court, Davenport. Each person faces up to a year in prison and a $100,000 fine, if convicted.

By pleading guilty, Costoyas still faces up to a year in prison. But her attorney, Christopher Hagenow, and prosecutor Joel Barrows said she likely faces zero to six months jail time.

She also faces deportation, according to discussion during the plea hearing, but Judge James Gritzner said “that issue is for another court on another day.”Authorities did not specify a country.Her sentencing is set for Sept. 24. Seven of the remaining defendants are set for trial Aug. 2. Arraignment for the ninth also is set for Aug. 2.

Costoyas and her attorney declined to comment about her intentions for accessing Obama’s student loan records.

Maybe she was checking to see who paid off his school loans and if he applied for school loans as a non- natural born citizen. Sallie Mae could be prime suspect.