what is the can student loans repayments come out of your retirement funds  ?
per the employee retirement income security act of 1974 erisa most employer sponsored retirement plans such as a 401 k are protected from seizure by creditors in nearly all cases 5 however according to the debt collection improvement act of 1996 up to 15 of your social security payments can be garnished to repay your federal student loan s should you default fortunately the amount garnished cannot reduce your monthly benefit payment below 750 6