if a class action lawsuit is not possible, then imho a law should be passed allowing retirees to borrow against their individual social security accounts, since it is (after all) their money that is (allegedly) being held in trust for them by the federal government, and as retirees they have reached an age by which the “account” has “matured.”
i would go a step further and institute no penalty be ascribed for people who borrow against their social security account but do not repay; the only adverse action needed being non-payment of their monthly social security benefit.
if students are allowed to skate on their federal student loans, then retirees should be in front of them in the line, since students have no skin in the game and thus certainly less moral justification for receiving what amounts to be free money from the federal government while retirees who have already given social security payments to the federal government and are relying on those payments for their well being are forced to live under freeway overpasses.
Thing is: we're talking about old people - like yours truly. We croak. The system counts on that. That's why it stops when breathing does, and can't be passed on to heirs.
Students are allowed to “skate” on their loans because they will still be voters after the morally justified retirees are dead. (Of course, the dead retirees will then all vote Democrat, probably even more reliably than the students.)