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Can student loan garnish your pay and your taxes at the same time?
Wiki User
∙ 15y ago
Yes, of course.
Wiki User
∙ 15y ago
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A student loan has been in default will collection agency still garnish tax return?
If it was a federal student loan, then yes, the collections agency could take your income tax return money. If it was a non-federal loan, then they would not be able. Secondly, federal student loans are can not be discharged, the US always gets paid even when laws are created for private businesses that disallow the same right of collections.
Can Disability check be garnished for a student loan?
I have the same question and it took some time to get an answer...everthing I had read on the web for this question was an unrelenting "they can garnish and take anything." Rather cruel I thought but I emailed a counselor with the Dept. of Ed. and they wont garnish a benefit over $750. Amounts above this they take the offset.
Does a student loan with low interest rates affect your course load?
No, a student loan with low interest rates, will not affect your course load at all. The loan will be the same regardless of what course you're enrolled on.
Does Jackson Hewitt give you same day anticipation loan?
When I filed my taxes they did not offer me same day but a one day anticipation loan for a pretty hefty fee.
What legal options does a cosigner have on a student loan when the student disappears?
The same options as anyone else who owes a valid debt they do not want to pay. Virtually no options except for repaying the loan amount.
How does a student loan consolidation program work?
There are some differences in student loan consolidation programs but most work the same way. The program combines different loans to lock in a small interest rate.
If you already have a student loan with a bank can you get another student loan with another bank at the same time?
Yes, you can have as many loans at as many banks as will give you credit. "Student Loans" are simply loans that have an additional requirement that you attend school while the payment portion is deferred. Of course you will have a tough to impossible time getting a second bank to give you a loan because they would want to understand why you did not go back to the original student loan bank.
Can you pay off a private student loan all at once within the same year that you took the loan out?
If it was drawn up as a "simple interest loan" you can pay it off in full at any time.
Get a Better Rate?
How much do you pay in interest on the student loan that you currently have? If you do not know the answer to this question right away, then you may not be in good shape with repaying it. Given all of this, you are going to want to make sure that you take the time to look into student loan refinance. A student loan refinance can help you to get a better rate on the money that you already owe. You are borrowing the same amount of money as the student loan to pay off that loan, but you are getting a better rate on the new loan. It is just one of those things that you should be making sure that you are doing. It makes straightforward economic sense.
Ohio wage garnishment for student loans?
The student loan garnishment guidelines are Federal, so they are the same for every state. The guidelines say that collectors can garnish 15% of your pay, but i have seen up to 25% garnished before.If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
Is student loan consolidation the same as refinancing student loans?
YES! It is the same, i say this because the appeal of doing either one of those are going to be the same "paying your student loan." Refinancing student loans will take advantage of a better interest rate and consolidating your loans 'lumps' all of them into one. Instead of having several loans with different bills, in consolidation you only have one bill. When you consolidate student loan you are refinancing it but you can refinance without consolidating.
What are fixed rate student loans?
A fixed rate loan, like the Federal Unsubsidized Stafford Loan, are loans whose interest rate stays the same during the entire duration of the loan and during the time of payment.
