0
What happens to a wage garnishment for a student loan if you quit your job?
Vickievt
The collection agency will wait until you get another job and garnish you again. As soon as the IRS knows you have a new job, so will the collection company. You can not avoid wage garnishment, but you can have the garnishment lifted. Default Management Services can help you. Google them.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How can you lower wage garnishment?
quit
Where will my approved student loan money for the 2nd semester of the school year go if I quit after the 1st semester?
The balance of the approved loan, not yet paid to you, will be cancelled if you quit since you will no longer be qualified for any further funds. There is no actual cash balance, merely an accounting figure on the books of the institution that granted you a student loan.
If they ganish your wages then you quit your job what can they do then?
NO, wages, NO garnishment.
Should student loan be forgiven?
No. You are stuck with it. Now, because you quit you can't make the money you could have earned to pay back the loan. Not smart.
Can I quit my job and concentrate totally on school for the last two years of my college degree if I can add my price of housing into my loans and be a full time student?
If your a full time student, you can apply for a maintenance loan and a tuition loan, you can also apply for a grant which you dont have to pay back.
I quit university after the first year do I have to pay my student loan back straight away?
In the US, once you are out of school you must start repaying your student loans. You get a 6 month grace period when you leave school to find a job.
How do you stop paycheck garnishment?
There are three ways. 1 - Pay your debt in full. 2 - Quit your job, or get fired. 3 - Seek an injunction against the garnishment. The garnishment would probably not have been issued in the first place though, without good reason.
How old does a student have to be to quit school in tn?
16
If your car has been repossessed in Oklahoma and you had a bankruptcy 2 years ago should you negotiate to keep the car or risk garnishment?
2nd yr of 6-yr loan, b/k 2yrs ago,???? You just cant quit can ya?? Buy something you can PAY CASH for and leave the credit alone.
Age when a child can quit school in Florida?
With parental consent, a student may quit school at age 16.
If your friend and you want to have one of your names removed from a mortgage is a quit claim what you need?
No. A quit claim is simply declaring that person has no interest (economic or otherwise) in the property. They are being removed from the title. A quit claim has no impact on the loan that is secured on the property. Only the lender who owns the loan can release a party from the loan. For the most part a lender has no incentive to remove one person from the loan as that increased the risk to the lender for no benefit. The traditional way to remove a borrower is to pay off the loan. The party that wants to continue to own the property refinances with the old loan being paid off. Being on the property's title and being on the loan are two different things. A quit claim only impacts the title (ownership) and not the debt (the loan).
How do you be a better blackjack dealer and make more money?
quit and get a loan! :D
