answersLogoWhite

0


Best Answer

In the USA, if your Federal Student Loans are in default, then your original lender was paid 97% of your loan value by a Federal Guarantee Agency. Guarantee Agencies are basically insurance companies. When your lender was paid off, the Guarantee Agency took ownership of your loans. Guarantee Agencies have the right by law to keep any Federal Income Tax return money that is owed to you. They also have the right to garnish any wages and to garnish Social Security benefits. If you need help getting out of default and getting off of the tax offset list, click on my profile, StudentLoaner, below.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Your federal tax return was taken by Illinois student assitance comission?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does FAFSA stand for?

FAFSA stands for Free Application for Federal Student AidFree Application for Federal Student Aid


Does a cosigner have to replay a federal student loan if the student dies?

Federal student loans do not currently have cosigners. Parents who take out federal PLUS loans for their kids often think they are a cosigner, when they are actually the sole borrower. All federal student loans are discharged if the student dies.


Can you file bankruptcy for your student loans and keep your house out of it?

If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.


Is a student loan considered federal?

In the U.S., student loans can be Federal or Private.Stafford, PLUS, and Perkins loans are Federal. Most others are private.


What is the best federal student loan program?

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.


Can you consolidate Private student loans into federal student loans?

no. you will have to consolidate separately. with a federal lender then a private lender.


What scholarships are offered at University of Illinois?

Contact The University of Illinois Office of Student Financial Aid.


Where can I find information on federal student aid?

Information on student federal aid can be found at Home - FAFSA on the Web-Federal Student Aid www.fafsa.ed.gov/ It is the official website and provides you with accurate up to date information.


Does a student have to be full time to receive a federal student loan?

yes


What can you do to geta student loan?

The Free Application for Federal Student Aid


How can a graduate student apply for PLUS loans?

To apply for a PLUS loan a graduate student must complete the 'Free Application for Federal Student Aid' form. One can do this on the Federal Student Aid website.


When was University of Pennsylvania Student Federal Credit Union created?

University of Pennsylvania Student Federal Credit Union was created in 1987.