It is very, very advisable to avoid defaulting on your student loans in any location. Some negative consequences of defaulting on a student loan can be found here http://www2.ed.gov/offices/OSFAP/DCS/default.html. However, if you have already defaulted, or are very close to defaulting, here is a guide to getting out of a defaulted student loan: http://www2.ed.gov/offices/OSFAP/DCS/repaying.html. Don't give up, defaulting on your loan is not worth it!
about $30,000-$40,000
Private student loans are not due immediately after graduation. The loan terms can differ from state to state and details can be obtained directly from the lender.
It doesn't matter what state you live in to apply for federal or government student loans. Check out www.istudentloans.com or www.faststudentloans-info.com
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
Actually, that's not true - student loans are forgiven when the student dies.
Are student loans forgiven at age 60? Are student loans forgiven at age 60?
There are only a few companies that provide direct student loans. You can go to a bank and get student loans from there, or you can get Federal Loans from your school.
Yes, the IRS can take your federal tax refund to pay off federal debts, but state student loans typically fall under state jurisdiction. In Ohio, if you owe on your state student loans, the Ohio Department of Higher Education can intercept your state tax refund, but not your federal refund. However, if your student loans are federally guaranteed and in default, they may lead to federal collection actions, including garnishment of federal tax refunds. Always check with a tax professional for specific situations.
Government websites provide information about federal and state student loans. One should complete a FAFSA application to determine available federal and state student loans. If these do not apply, then one must apply to a private student loan company, such as Sallie Mae.
One advantage of federal student loans compared to private student loans is that federal loans typically offer more flexible repayment options and lower interest rates.
Sometimes private student loans can be consolidated depending on certain factors including the rules of your lender, whether you are in deferrment or default and your credit score. You cannot however, consolidate federal student loans and private student loans together.
The Student Loan People is an agency that specializes in student loans. They are located in Kentucky. They work with people getting student loans, collections and repayments of student loans.