The Student Security Act
of 2017
gives student
borrowers a chance for partial debt forgiveness in exchange for a later Social Security
age of retirement, delaying the receipt
of benefits in old
age.The program will offer a $ 550 credit for every month
of delay in receiving benefits.
This change will allow
borrowers with non-borrowing spouses under the
age of 62 to still qualify for a reverse mortgage, possibly
giving them access to higher loan amounts.