Federal student loan collections resume May 5, 2025. After a five-year pause, millions of borrowers, including nearly 10 million overdue, face the risk of wage garnishment (up to 15%), tax refund seizures, and Social Security offsets. This impacts 42.7 million Americans owing $1.6 trillion, disproportionately affecting women and those below the poverty line.

This episode explains why collections are restarting and, most importantly, explores critical options such as income-driven repayment, rehabilitation, and consolidation, available at StudentAid.gov, to avoid default and garnishment.

Feeling overwhelmed by resuming student loan collections? Tune in to learn about critical options like Income-Driven Repayment, rehabilitation, and more. Listen now to understand your rights and take action to avoid wage garnishment and financial hardship.

Download the Episode Summary Notes: Student Loan Garnishment Resumes 2025: A Guide

Read the Full Blog: Article: Student Loan Garnishment Resumes 2025: A Guide

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Tune into "Empowering Your Finance" for a crucial update on Social Security overpayments! The Social Security Administration (SSA) has recently reduced the default withholding rate for overpayment recoveries from 100% to 50%. This change is significant for beneficiaries who receive new overpayment notices on or after April 25, 2025.

This 50% rate applies specifically to Title II benefits, which include retirement, survivors, and disability insurance (SSDI) payments. At the same time, a reduction from the brief return to a 100% rate, which took effect on March 27, 2025, and the loss of half of a monthly benefit can still cause significant financial hardship for many recipients.

It's essential to note that most prior overpayments of Title II benefits remain subject to a 10% cap that was in effect earlier. The withholding rate for Supplemental Security Income (SSI) benefits remains unchanged at 10%.

If you receive an overpayment notice, you typically have 90 days to contact the Social Security Administration (SSA) to dispute the overpayment. You can request a lower withholding rate due to financial need, appeal the overpayment decision, or request a waiver of recovery.

Stay informed about how these changes could affect you and your financial journey.

Read The Full Blog Article: Social Security Overpayment Withholding Rate: 50% Update April 2025

Whether you're just getting started or ready to grow your wealth with purpose, we're here to empower you every step of the way.

Being financially educated means knowing how you spend your money and having a plan for what and where you spend it; however, being financially empowered means having control over your finances.

🎧 Listen, Follow, Comment, and Leave A Review

To ensure you don't miss out, follow us for new weekly episodes, videos, and blog articles.

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🎧 New episodes weekly | 💼 Budgeting | 📈 Saving | 💳 Credit | 👨‍👩‍👧 Counseling | 🎓College | 👩‍💼Retirement | 📊 Investing | Business and Economic News | and more

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Is your Social Security check suddenly smaller? After a pandemic pause, federal student loan collections have fully resumed, directly impacting the essential benefits of thousands of older Americans and individuals with disabilities. Learn how the government's Treasury Offset Program (TOP) can take up to 15% of your monthly benefit, potentially leaving you with as little as $750 per month. This is a harsh reality, but you're not helpless! We'll guide you through the crucial steps to take immediately to understand your options and prevent the offset. To protect your financial future. Don't wait – listen now!

Read The Full Blog Article: Social Security Benefit Cuts: Your Guide to Defaulted Student Loans

Whether you're just getting started or ready to grow your wealth with purpose, we're here to empower you every step of the way.

Being financially educated means you know how you spend your money and have a plan for what and where you spend it; however, being financially empowered means you have control over your finances.

🎧 Listen, Follow, Comment, and Leave A Review

To ensure you don't miss out, follow us for new weekly episodes, videos, and blog articles.

🎧Visit Our Full Podcast Website: www.roadtofinancialempowerment.com

🎧 New episodes weekly | 💼 Budgeting | 📈 Saving | 💳 Credit | 👨‍👩‍👧 Counseling | 🎓College | 👩‍💼Retirement | 📊 Investing | Business and Economic News | and more

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"Empowering Your Finance is the most comprehensive financial empowerment platform for financial education and planning resources."

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Unlock your financial potential with "Personal Financial Education: A Guide to Financial Education"! Learn to manage your money, build a solid financial foundation, and achieve financial empowerment.

We provide the knowledge and skills necessary for informed financial decisions, covering a range of topics from budgeting and saving strategies to investment planning and understanding the global economy. Whether you're looking to understand the basics of finance and retirement planning or master the art of investment planning, this podcast equips you with the expertise to navigate the complexities of your financial life and work towards achieving financial freedom.

Read the Full Blog Article: Empowering Your Finance: A Guide to Financial Education

Whether you're just getting started or ready to grow your wealth with purpose, we're here to empower you every step of the way.

Being financially educated means you know how you spend your money and have a plan for what and where you spend it; however, being financially empowered means you have control over your finances.

🎧 Listen, Follow, Comment, and Leave A Review

To ensure you don't miss out, follow us for new weekly episodes, videos, and blog articles.

🎧Visit Our Full Podcast Website: www.roadtofinancialempowerment.com

🎧 New episodes weekly | 💼 Budgeting | 📈 Saving | 💳 Credit | 👨‍👩‍👧 Counseling | 🎓College | 👩‍💼Retirement | 📊 Investing | Business and Economic News | and more

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www.roadtofinancialempowerment.com/blog/

Subscribe to Our Newsletter: The Road to Financial Empowerment

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👇 Breaking Through Financial Barriers!

"Empowering Your Finance is the most comprehensive financial empowerment platform for financial education and planning resources."

Visit Our Website for Free Resources: 🔗Start your journey today:

www.empoweringyourfinance.com/

For Our Video Audience: Visit our YouTube channel and subscribe. www.youtube.com/@empoweringyourfinance

The Road to Financial Empowerment Podcast Introduction

Welcome to The Road to Financial Empowerment, where we're "Unlocking True Financial Freedom, One Step at a Time." I'm Darnell, and each week, this podcast shares practical strategies, powerful stories, and empowering insights to help you break free from debt, build lasting wealth, and take control of your financial future.

Empowering Your Finance, and I'm committed to delivering high-quality, professional financial content. "Empowering Your Finance uses the latest technology and tools to deliver clear, informative content for your financial journey." Whether you're escaping debt, growing your savings, or diversifying your investments, this is your roadmap to success. Ready to take control of your money? Let's dive in!

Read The Full Blog Article:

www.roadtofinancialempowerment.com/blog/podcast-introduction/

Whether you're just getting started or ready to grow your wealth with purpose, we're here to empower you every step of the way.

Being financially educated means knowing how you spend your money and having a plan for what and where you spend it; however, being financially empowered means having control over your finances.

🎧 Listen, Follow, Comment, and Leave A Review

To ensure you don't miss out, follow us for new weekly episodes, videos, and blog articles.

🎧Visit Our Full Podcast Website: www.roadtofinancialempowerment.com

🎧 New episodes weekly | 💼 Budgeting | 📈 Saving | 💳 Credit | 👨‍👩‍👧 Counseling | 🎓College | 👩‍💼Retirement | 📊 Investing | Business and Economic News | and more

The Road to Financial Empowerment Blog:

www.roadtofinancialempowerment.com/blog/

Subscribe to Our Newsletter: The Road to Financial Empowerment

www.roadtofinancialempowerment.com/newsletter/

👇 Breaking Through Financial Barriers!

"Empowering Your Finance is the most comprehensive financial empowerment platform for financial education and planning resources."

Visit Our Website for Free Resources: 🔗Start your journey today:

www.empoweringyourfinance.com/

For Our Video Audience: Visit our YouTube channel and subscribe. www.youtube.com/@empoweringyourfinance