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dylatess, ATTORNEY
Category: Social Security
Satisfied Customers: 3427
Experience:  37 plus years of SSD practice
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Can I borrow against my social security to pay off student

Customer Question

can I borrow against my social security to pay off student loans and a I receive a monthly check because I am 64 years old.
JA: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.
Customer: how do I get intouch with the accountant?
JA: Is there anything else the Retirement Accountant should be aware of?
Customer: No I just need to know how much can I borrow to pay off the loan
JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Retirement Accountant about your situation and then connect you two.
Submitted: 4 months ago.
Category: Social Security
Expert:  emc011075 replied 4 months ago.

Hi. My name is ***** ***** I will be happy to help you.

No, you cannot. Unlike your personal savings or retirement account, social security is a government trust fund that pays out benefits to eligible individuals. You cannot borrow against your future benefits.

Expert:  emc011075 replied 4 months ago.

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