yes - it can be garnished for any federal obligations
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
the borrower
If it was a federal student loan, then yes, the collections agency could take your income tax return money. If it was a non-federal loan, then they would not be able. Secondly, federal student loans are can not be discharged, the US always gets paid even when laws are created for private businesses that disallow the same right of collections.
you can get on but they will take what is owed and send you the rest
Everyone has to repay the federal student loans. However some people are eligible, dependent on the job that they get after graduation, to have loan forgiveness for a portion of their loan. In that case they will only have to repay the portion of the loan that is not forgiven.
The Federal guideline is 15-25% of your paycheck.
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
The government has just garnished my 2008 federal tax return due to my student loan being defaulted. My student loan dates back to 2005. It was very inconvenient to have my return garnished, especially since I would have received $6,500, but I am also glad I had this resolved!
They will take the entire tax refund if you owe that much. And they will do that every year until the loan is paid.
No.
the borrower
Yes.
No.
Not if he did not cosign on the loans.
yes, they definitely can and will.
There are many federal student loan programs to choose from. They include Federal Perkins Loan, Federal Direct Subsidized Loan, Federal Student PLUS Loan, etc. When it comes to deciding which is the best, it depends on one's circumstances.
If it was a federal student loan, then yes, the collections agency could take your income tax return money. If it was a non-federal loan, then they would not be able. Secondly, federal student loans are can not be discharged, the US always gets paid even when laws are created for private businesses that disallow the same right of collections.