The collection agency will wait until you get another job and garnish you again. As soon as the IRS knows you have a new job, so will the collection company. You can not avoid wage garnishment, but you can have the garnishment lifted. Default Management Services can help you. Google them.
quit
The balance of the approved loan, not yet paid to you, will be cancelled if you quit since you will no longer be qualified for any further funds. There is no actual cash balance, merely an accounting figure on the books of the institution that granted you a student loan.
NO, wages, NO garnishment.
No. You are stuck with it. Now, because you quit you can't make the money you could have earned to pay back the loan. Not smart.
If your a full time student, you can apply for a maintenance loan and a tuition loan, you can also apply for a grant which you dont have to pay back.
In the US, once you are out of school you must start repaying your student loans. You get a 6 month grace period when you leave school to find a job.
There are three ways. 1 - Pay your debt in full. 2 - Quit your job, or get fired. 3 - Seek an injunction against the garnishment. The garnishment would probably not have been issued in the first place though, without good reason.
16
2nd yr of 6-yr loan, b/k 2yrs ago,???? You just cant quit can ya?? Buy something you can PAY CASH for and leave the credit alone.
With parental consent, a student may quit school at age 16.
No. A quit claim is simply declaring that person has no interest (economic or otherwise) in the property. They are being removed from the title. A quit claim has no impact on the loan that is secured on the property. Only the lender who owns the loan can release a party from the loan. For the most part a lender has no incentive to remove one person from the loan as that increased the risk to the lender for no benefit. The traditional way to remove a borrower is to pay off the loan. The party that wants to continue to own the property refinances with the old loan being paid off. Being on the property's title and being on the loan are two different things. A quit claim only impacts the title (ownership) and not the debt (the loan).
quit and get a loan! :D