Can an attorney or debt collector freeze your bank account even though the money in the account is a federal student loan?

Answer 1

i am pretty sure they cant because that was given to you and you didnt make or earn that money the whole reason is to punish you by taking the money you worked hard for but im pretty sure they cant unless they are greedy and they find a loophole.

The above is incorrect in just about every way, and I really don't undersand why he would think someone can't take money you DIDN'T work for...as if it's more acceptable to take only what you have worked for? And of course...the student loan isn't a gift, it's a loan (no loans aren't gifts)...you WILL work to repay it anyway.

And obviously, the reason they are freezing or seizing the funds is because you owe them money for something you promised to pay....and didn't...so to use the aboves logic....their just trying to get what you as a greedy SOB stole from them, (while you were taking more from someone else). And what exactly did they do you were punishing them for by not paying your debt? Sorry, although your looking for one, no loophole for you here.

Generally, once you take charge of the funds, (as in the loan), they lose their integrity as being any particular type/source of money. Especially if comingeled with other funds. (For example, they can't seize SS checks, but once you cash it...it's no longer protected...it's like any other money). Had you had the money paid directly to the school, they probably couldn't have touched it..even nowing it was an "asset" you had coming.