Ask Consumer Six
Tuesday, August 15th 2000, 12:00 am
By: News On 6
This week's question is from a viewer who wants to know if student loan payments can affect Medicare eligibility.
In her letter she says, "I've been told now if you default on a student loan, you will not be eligible for Medicare in the retirement years. I don't know how true this is?"
We contacted Medicare and a spokesperson there says they've never heard of that scenerio before. But if you do default on student loans, the government can contact the credit bureaus, garnish 10 to 15% of your salary, withhold money from your tax refund, and take legal action against you.
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