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Do all states take state tax refunds if a student loan is defaulted?
Wiki User
∙ 12y ago
Actually this is a federal issue. Depends what stage of the default u r at. The irs will put a federal intercept on ur federal return. There is a toll free # u can call to see if there is a intercept on ur fed return. Usually the state return is taken if u owe ur state $
Wiki User
∙ 12y ago
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If an undergraduate can actually continue to go to higher education college even long after he or she has defaulted on student loans within NY State or anywhere within the country?
If they can pay for the total cost of college who can stop a persistent student. Now here's a question for you. can you afford to pay for the total cost of college?
When can a federal tax return be seized for debt?
Federal tax refunds can be seized by the IRS for tax arrearages without the normal legal procedures being used. Federal and state tax refunds can be seized by a state child enforcement agency for court ordered child support arrearages. Tax refunds cannot be seized for creditor debt, for example, a judgment for non payment of a credit card account. But, once the refund is placed in a bank account it can be subject to levy by a judgment creditor. The Federal Government can also offset your federal tax refund to pay a student loan debt.
What does ascension capital group do?
They buy loans that are on their way to bankruptcy, repossession, or in a long state of defaulted payments. They are almost impossible to reach.
When can a student loan be collected from tax refunds?
The Department of Treasury's Financial Management Service (FMS), which issues IRS tax refunds, has been authorized by Congress to conduct the Treasury Offset Program. Through this program, your refund or overpayment may be reduced by FMS and offset to pay any past--due child support, Federal agency non--tax debts, or state income tax obligations.For additional information, FMS can be reached at 800--304--3107.Go to the IRS gov website and use the search box for Topic 203
If you have frightening credit can you still qualify for a student loan?
Eligibility for Federal Stafford loans are not based on your credit so yes, it is possible to get a student loan even with "frightening" credit. The exception to that is if you have previously defaulted or are significantly past due on a previous student loan. Even in this case, there are options to clear this up pretty quickly, so you may continue your schooling. Finally, most private student loans are credit-based so for those, you will at the very least need a co-signer. Federal loans limits are too low. The "non-credit" based loans like Stafford need to raise their limits to approx. $10,000-$15,000 per year. Then a student has a chance to fully fund their own college tuition at a State College without help from parents. It is every child's right to go to at least a State college of their choice.
Can new york state garnish wages for a student loan with out going to court?
If they are Federally Guaranteed student loans, then yes they can. If they are private student loans, then no they can't. You can consolidate the defaulted loans and skip the garnishment. This company can help you: www.defaultms.com
If your income tax is offset what happens?
Generally, it means that your income tax refunds are withheld and applied as involuntary payments of defaulted student loans and delinquent child support payments. But it may mean a credit, in the case of the state of Missouri's non-resident tax offset credit. Non-resident students get a dollar-for-dollar credit on the non-resident part of their tuition.
What is offset income tax?
Generally, it means that your income tax refunds are withheld and applied as involuntary payments of defaulted student loans and delinquent child support payments. But it may mean a credit, in the case of the state of Missouri's non-resident tax offset credit. Non-resident students get a dollar-for-dollar credit on the non-resident part of their tuition.
Is federal income tax refunds taxable?
No. Federal tax refunds are not taxable. In some cases, state tax refunds are taxable.
Student loans in the state of WV?
It is very, very advisable to avoid defaulting on your student loans in any location. Some negative consequences of defaulting on a student loan can be found here http://www2.ed.gov/offices/OSFAP/DCS/default.html. However, if you have already defaulted, or are very close to defaulting, here is a guide to getting out of a defaulted student loan: http://www2.ed.gov/offices/OSFAP/DCS/repaying.html. Don't give up, defaulting on your loan is not worth it!
Maximum wage garnishment for student loans?
The Dept. of Ed. guideline is 15% of your wages, but I have seen it go as high as 25%. If you need help getting out of default and getting the garnishment lifted, a company called Default Management Services, Inc. can help you. Google the company name to get the phone #. Ask for Doug, he is knowledgeable.
Where is my state tax refund?
Until the state of Illinois passes a budget, there will be no refunds.
Which websites carry details on state tax refunds?
You can find information on state tax refunds at turbotax, or tax act websites. You can also go to the IRS website as well.
How long after school starts do financial aid refunds are disbursed at norfolk state university?
Norfolk State University will post their financial aid disbursement dates each semester. Check the financial aid section of your student account for this announcement.
Can credit card creditors take your income tax refund?
No, neither federal nor state tax refunds are subject to creditor garnishment or seizure. Tax refunds can only be seized or garnished for, taxes that are due, child support, federally funded student loans and in some cases spousal maintenance (alimony).
Where is my Illinois state tax refund?
Until the state of Illinois passes a budget, there will be no refunds.
Where is my tax refund?
Until the state of Illinois passes a budget, there will be no refunds.
