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Can you consolidate your defaulted student loans if your tax refund was garnished?
In the US, it depends on whether your loans are with DIRECT or FFELP. If you have FFELP loans, you are eligible to consolidate. If you have direct loans and have never consolidated before, then you are eligible. If you previously consolidated your FFELP loans, then you may be eligible to reconsolidate. If you previously consolidated your Direct loans, then you are not eligible to consolidate again.
If you need help getting out of default, click on the link at the bottom of this text box.
What else can I help you with?
Can a student loan be garnish from your federal tax return as well as from your employer?
Yes, federal student loans can be garnished from your federal tax return through a process known as tax refund offset. Additionally, they can be garnished from your wages, meaning your employer may withhold a portion of your paycheck to repay the loan. Both methods can occur simultaneously if you have delinquent or defaulted loans. It's important to stay in communication with your loan servicer to avoid these actions.
If you are making you monthly payments on your student loan can you still get your income tax at the end of the year?
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
Can my already garnished federal income tax for student loans have an additional garnishment for back taxes as well?
Yes, your federal income tax refund can be garnished for both student loans and back taxes simultaneously. The U.S. Department of Treasury can offset your tax refund to satisfy multiple debts, including student loans and federal tax liabilities. However, the total amount garnished will depend on the specific debts and their respective priorities. It's advisable to check with the agencies involved for the exact details of your situation.
If your pay is being garnished for student loans can they still keep your tax refund check?
Not sure who "they" are...but they can use all legal means to collect what you swore you would pay.
Can sallie Mae take your federal refund?
Yes, Sallie Mae can take your federal tax refund if you have defaulted on your federal student loans. The government may offset your refund to repay the outstanding debt. However, this typically applies only to federal student loans, not private loans. If you're concerned about your loans, consider contacting Sallie Mae or a financial advisor for guidance.
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.
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.
If you are making you monthly payments on your student loan can you still get your income tax at the end of the year?
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
If I'm currently being garnished by student loan company can they also take my income tax refund?
If it is a govet' insured or guaranteed loan, yes.
If your pay is being garnished for student loans can they still keep your tax refund check?
Not sure who "they" are...but they can use all legal means to collect what you swore you would pay.
Can sallie Mae take your federal refund?
Yes, Sallie Mae can take your federal tax refund if you have defaulted on your federal student loans. The government may offset your refund to repay the outstanding debt. However, this typically applies only to federal student loans, not private loans. If you're concerned about your loans, consider contacting Sallie Mae or a financial advisor for guidance.
If your son files head of household and you have a defaulted student loan will the IRS hold his income tax refund?
Yes they will. The IRS held my 2008 Tax return because of this. I had a defaulted student loan and now it is the next year and I am having processing delays code 1301. If anyone knows what reference code 1301 is. Please let me know.
Can medical bills be taken from federal tax refund?
It is unlikely that a tax refund would be garnished for past due medical bills. Generally refunds can only be garnished for certain things, and medical bills really aren't one. Tax refunds are garnished in instances of: child support arrearages past due federal tax past due state income tax unpaid federal student loans government program repayments However, if you deposit it into an account that they have the right to garnish, the funds lose their identity as a tax refund.
Can negotiation be made to not seizing all the refund on a student loan debt?
If you are talking about an Income Tax refund, the answer is no. The IRS does not negotiate the seizure of tax refund checks on Defaulted student loans. If you already filed your tax return this year, then you are out of luck. If you have not filed your return yet, then there may be hope of getting your return this year. If you get your loans out of default, you will be removed from the tax offset list and get your refund check.I am an expert on student loans and can help you get out of garnishment and default. Click on my user name, "Studentloaner", below to obtain my contact information. Here is some useful information about defaulted loans:There are only 2 ways to get out of default on your Federally Guaranteed student loans.Contact your collection company or student loan servicer and request to enter the rehabilitation program. Most people qualify, but I have seen some refused when the default is over 10 years old. In the rehabilitation program, you will need to make 9-12 on-time payments in addition to your garnishment. After the 9-12 on-time payments, they should stop the garnishment, but you will stay in a default status until your Rehabed loans are sold to a new lender. In the past, that was an easy process, but in these turbulent financial times, other lenders are not buying rehabed loans. So, with this option your loans will stay in a Default status for the forseeable future.The second way you can get out of default and have your garnishment lifted is to consolidate your loans. These days very few Federal lenders will consolidate defaulted loans and your lender will probably not release the loan for consolidation while in a garnishment stage. The good news is, there are a few companies out there that will help you get a garnishment lifted and find a Federal lender to consolidate the loans.If you need additional help getting your loans out of default, click on my user name, "studentloaner", below.
Can your wages be garnished if you are on government assistance?
If you have a job on top of the assistance, that money can be garnished. Anything you might get back for income tax refund can be taken also. The government assistance can't be garnished.
The IRS is holding my income tax return because of defaulted student loan however they have garnished my wages for the past 12 months. Will they continue to withhold my return?
Yes...... They are the government....They can do most anything. HOWEVER!!! Talk to an attorney that specializes in IRS matters, You may find that he/she could manuver the IRS into cutting you a break as well as help protect your refund..
Is there a special form for your taxes that pertains to garnished wages from a defaulted student loan?
I can't imagine so...there is nothing changed in the taxability of something by it being collected through garnishment or pais as you were supposed to. In the US, When you go into default on federally guaranteed student loans, you are automatically placed on a special list that allows the IRS to withhold any tax refund. If you need help getting out of default with a new payment as low as $0 a month, click on the link at the bottom of this text box.
