Social Security benefits may decrease for some recipients due to resumed student loan debt collections.

Starting June, some Social Security beneficiaries may see reduced checks due to resumed student loan garnishments. The Department of Education will collect on the $1.6 trillion student loan portfolio, impacting over 450,000 defaulting borrowers aged 62 and older. Borrowers can prevent garnishments by proving financial hardship, getting current on loans, or enrolling in a repayment plan. Up to 15% of monthly benefits can be offset, but beneficiaries must be left with at least $750.