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If i have been in a federal student loan rehab program for several months and the hot-line says i have no federal debt as of Friday will my tax return be offset?
Wiki User
∙ 12y ago
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??
Wiki User
∙ 12y ago
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How can one get a consolidation student loan?
"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."
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.
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.
Where can one find a federal student loan consolidation program online?
A good place to find information would be the US treasury departments' webpage. Or, you could visit fafsa online, and you should be able to find a wealth of information about student loans there.
Who can give you a federal student loan?
Federal student loans can be obtained through the federal government at the website entitled direct dot ed dot gov. You can apply directly online for aid.
What has the author Donald Conner written?
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
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.
What year did student loan federal guarantee begin?
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.
Where would you recommend applying for federal loans for college?
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.
Which is the largest student aid program financed by the federal government?
FASFA which is School scholarships/Loans
What type of services does a Federal consolidation loan program provide?
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.
Do you have to be us citizen to obtain a loan from a federal student program?
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.
What is the process of getting a federal student loan?
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.
How do I go about federal student loan consolidation?
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.
What is meant with federal student aid in finances?
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.
Student Loan Forgiveness?
Graduates who are interested in having a part or all of their student loans repaid should take the time to learn as much as they can about the student loan forgiveness program offered by the federal government. Students with either federal student or private student loans can have some or all of their student loan debt forgiven by the federal government simply by taking advantage of certain employment and volunteer positions in disadvantaged neighborhoods or by joining the military.The Student Loan Forgiveness ProgramCertain professionals such as doctors, lawyers, nurses, teachers and military professionals that take advantage of certain programs can have their student loan forgiven by participating in eligible programs. Although the Student Loan Forgiveness program is offered by the federal government, the program is available to students with both federal and private student loans.The Student Loan Forgiveness Program is a Good Alternative to RepaymentFor graduates who are having trouble meeting their repayment obligations, the Student Loan Forgiveness Program may be their best option. By taking advantage of this program many students can have some or all of their student loans, including private loans repaid by the government.There Are Many Programs That Offer the Student Loan Forgiveness ProgramGraduates who are interested in taking advantage of the Federal Student Loan Forgiveness program will find that there are quite a few number of work and volunteer opportunities to choose from, including but not limited to the military. To take advantage of the program, teachers, doctors and lawyers may find themselves offering their services in low income areas.Students May be Liable For Taxes if Their Student Loans Are ForgivenDepending on the provisions of a graduates student loans, graduates who have their student loans forgiven partially or in full may have to pay taxes on the amount forgiven on their student loans. However, that is not always the case so it is important that graduates check the provisions of their loan to determine if in fact they will be required to pay taxes on any portion or all of the student loan debt that is forgiven by the federal government.
Use The Federal Government To Consolidate Student Loans?
People that go to college often find they are burdened with large amounts of student loan debt. Students can consolidate their debt to help make payments more manageable and to reduce their stress. The federal government offers the lowest cost consolidation program; they will buy all of the student's loans and combine them so that the student only has to make one payment instead of several. Students can discuss this with their financial aid officer or lenders.
