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Can your private pension be garnished for a defaulted student loan?
Wiki User
∙ 14y ago
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.
Wiki User
∙ 16y ago
Wiki User
∙ 14y agoI am a Federal Student loan expert and I have never heard of a private pension being garnished for defaulted student loans, so I would say no. If you need help getting out of default on your student loans, click on my profile, StudentLoaner, below.
Wiki User
∙ 9y agoYes, a college can garnish your wages for unpaid tuition. You may be able to work out a payment plan with them before this happens.
Wiki User
∙ 11y agoYES
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Wage garnished student loan paid off can you get another student loan?
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.
In Iowa can student financial aid be garnished?
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.
Can both your wages be garnished and your tax refund taken for defaulted student loan or just one or the other?
both...untill its paid off.
Can you settle a defaulted student loan?
In the US, if the student loan is Federally Guaranteed then the answer is no. The Dept of Ed. and it's collection agencies will not negotiate or settle a debt. If the student loans are private, then the answer is yes. If you need help with your defaulted student loans, the company listed at the bottom of this text box can help you.
If you are being garnished for a defaulted student loan will they keep your entire tax return?
They will take the entire tax refund if you owe that much. And they will do that every year until the loan is paid.
What type of pension is an exempt from garnishment in Michigan State?
Government pensions and Social Security can generally be garnished by only a few agencies. Student loans, IRS , child support , recouping by the government of overpayments by them . Private pensions , I wouldn't know, but no doubt someone will be along to help you shortly.
Can you get your student loans paid for by joining the peace corp?
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
In the state of Pennsylvania in the USA how much can be garnished for defaulted student loans. If you owe multiple loans what is the maximum to be garnished?
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.
Can new york state garnish wages for a student loan with out going to court?
If they are Federally Guaranteed student loans, then yes they can. If they are private student loans, then no they can't. You can consolidate the defaulted loans and skip the garnishment. This company can help you: www.defaultms.com
What are your rights in dealing with collection agencies for a defaulted student loan?
Your rights are extremely limited. If you have a specific question, please repost. The previous person who said that cannot collect after 3 years was completely incorrect; federal student loans have no statute of limitations whatsoever, and ED is still collecting on loans from the 1960s. Collectors of defaulted federal student loans will not negotiate, collectors of private student loans will negotiate.
When can the IRS garnish your tax return?
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!
Can a VA disability pension be garnished for a student loan.?
Your VA disability to my knowledge is untouchable to all creditors, to include child support, and student loans. Your student loans will affect your credit report negatively until it is in good standing. It will never go away or default. You can not claim it on a bankruptcy either.
