If your loans are in default, then you are probably listed on the Tax Offset list. If you have repaid the loans through the Federal Rehabilitation program, then you may have been removed from the offset list. The only way to know is to call the IRS and ask them if your name is still on the list.
>>I've called the federal debt hotline and it says no federal debt is found for my social security number. I'm assuming that means I'm not on the list and will get my return??
To consolidate your student loans through the William D. Ford Federal Direct Loan Program, you can apply online at the official Federal Student Aid website. This program allows you to combine multiple federal student loans into one new loan with a fixed interest rate.
To be eligible for federal student loans, you must be a U.S. citizen or eligible noncitizen, have a valid Social Security number, be enrolled or accepted for enrollment in an eligible degree or certificate program, maintain satisfactory academic progress, and not be in default on any previous federal student loans.
"There are several ways one can get a consolidation loan. In the United States, there is a Federal student loan consolidation program that allows students to consolidate Stafford loans, PLUS loans, and Federal Perkins Loans into a single debt. One can also attain a consolidation loan through a private lender. However, the terms vary from lender to lender such as forbearances and deferments."
To apply for the William D. Ford Federal Loan Forgiveness program, you need to work in a qualifying public service job and make 120 qualifying payments on your federal student loans. After meeting these requirements, you can submit an application for loan forgiveness through the program.
The IRS does not specifically inform taxpayers about the status of their student loan delinquency or its impact on federal tax refunds. However, if you have federal student loans in default, the U.S. Department of Education can intercept your federal tax refund through the Treasury Offset Program. It’s advisable to check with your loan servicer or the Department of Education for detailed information regarding your loans and potential offsets.
To consolidate your student loans through the William D. Ford Federal Direct Loan Program, you can apply online at the official Federal Student Aid website. This program allows you to combine multiple federal student loans into one new loan with a fixed interest rate.
Donald Conner has written: 'Federal student loan programs data book, FY 94-96' -- subject(s): Federal Direct Student Loan Program (U.S.), Federal Family Education Loan Program, Government policy, Student aid, Student loan funds
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.
The federal government began guaranteeing student loans provided by banks and non-profit lenders in 1965, creating the program that is now called the Federal Family Education Loan (FFEL) program.
The US Government operates a student financial aid office called "Federal Student Financial Aid"". They also offer a program called Free Application for Federal Student Aide, commonly referred to as FASFA.
FASFA which is School scholarships/Loans
A consolidation loan program for Federal student loans allows one to take out one large loan to settle all outstanding Federal student loans. This may allow one to have only one loan and debt repayment to worry about.
Not necessarily. If a non-citizen meets certain eligibility criteria they can get a Federal Student Loan. Visit the link below for the eligibility criteria.
The Canada Student Loans Program and the Canada Student Grants Program help by providing student financial assistance in the form of loans and grants to Canadians attending post-secondary education in most provinces and territories.
In the United States, the federal government offers a specified program for loan consolidation. You can visit: www.loanconsolidation.ed.gov. This site will help you understand the program, determine your eligibility and create a plan to communicate with and, with any luck, arrange for student loan consolidation.
Federal student aid may be necessary depending on your finances. They provided financial assistance for grants, loans and work study program for those who have completed high school.
To be eligible for federal student loans, you must be a U.S. citizen or eligible noncitizen, have a valid Social Security number, be enrolled or accepted for enrollment in an eligible degree or certificate program, maintain satisfactory academic progress, and not be in default on any previous federal student loans.