I can't imagine so...there is nothing changed in the taxability of something by it being collected through garnishment or pais as you were supposed to.
In the US, When you go into default on federally guaranteed student loans, you are automatically placed on a special list that allows the IRS to withhold any tax refund. If you need help getting out of default with a new payment as low as $0 a month, click on the link at the bottom of this text box.
Yes, if you paid off a Defaulted student loan and don't have any other defaulted student loans, then you are eligible to get new Federally Guaranteed student loans.
If the loans are federally guaranteed then yes they can be garnished. If you need help with the consolidation of your defaulted loans, click on the default link below.
both...untill its paid off.
They will take the entire tax refund if you owe that much. And they will do that every year until the loan is paid.
If it's federal they can get your social security without even taking you to court. They would have to take you to court for a retirement account. If it's private they would have to get a judgment.
I'm assuming these are federal loans, correct? A defaulted federal loan falls into federal garnishment rules, thereby trumping any rules a specific state may have to the contrary. Garnishment orders are issued for 15% of your disposable income. (Disposable meaning everything after taxes, but before luxuries such as health insurance, 401K, etc.) If you have multiple defaulted loans, you can be garnished up to 25%. My suggestion would be to contact the holders of your student loan immediately, and request a repayment arrangement. It's possible that you qualify for the William D. Ford consolidation program, which will combine all of your loans and then set you on an income-contingent repayment arrangement.
if you paid off a Defaulted student loan and don't have any other defaulted student loans, then you are eligible to get new Federally Guaranteed student loans
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!
yes - it can be garnished for any federal obligations
In the US, yes you are eligible for additional student loans if you rehabilitate, bring current, or consolidate your defaulted federal loans. If you need help with the consolidation of your defaulted loans, click the link below.
No they check on that.
No.