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I have worked in the student loan industry for 8 years and have never heard of that happening, so I would say no.
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∙ 14y ago
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Can student loans garnish unemployment income in Nevada?
yes
Can new york state garnish wages for a student loan with out going to court?
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
Repossess for a defaulted student loan?
In the US, the Dept of Ed. does not reposes anything on the repayment of Federally Guaranteed Student Loans. They will only garnish wages, garnish social security, and keep tax returns. If you need help getting out of Default on your student loans, click on the link at the bottom of this text box.
Do you have to pay for a student loan that was made 35 years ago?
Yes, there is no statute of limitations on the repayment of student loans. Federal collection agencies will try to collect on the loans even into retirement. In fact, the Dept. of Ed. will garnish Social Security income for defaulted student loans.
How much can irs garnish from paycheck?
The IRS can garnish your wages if you owe the government back taxes or defaulted on your student loans. They can take as much as it takes to pay off the debt.
Can the federal government garnish the total amount of your social security check?
For unpaid taxes and unpaid student loans, yes.
How can one acquire student loans with bad credit?
Federal student loans do not require credit checks in order to apply and receive finical aid. Private student loans from banks and credit unions require a strong credit score to get approved or a creditworthy co-signer.
What can you do about not paying your student loans?
It will follow you for the rest of your life! After you default it's said it takes 7 years but it will always be on your record. There are options of repayment but most likely you will be paying for the remainder of your life. Face it; you're a slave in this corporate world so pay what you can if you want to buy a car or a house. Oh, did I mention your tax returns? They will take your tax returns and garnish your pay check if you ever get a job and work!
Is there a grandfather clause for student loans prior to legislation to garnish social security benefits?
Absolutely not.See Lockhart vs. United States.
What happens to a person who does not repay student loans?
Federal student loans have no statute of limitation, meaning they can collect forever. The can garnish your wages without taking you to court, take your tax refund, and sue you in court for property and bank accounts. Student loans are also almost impossible to discharge in bankruptcy. There are people now who did not repay their student loans from the 1970s who are having their social security garnished. Not paying is a very bad idea.
Can they garnish your wages for a repo in nc?
No you can only garnish wages for Taxes, student Loans, Child and spouse support, and payment of ambulance services in some cases. or If the federal or state courts make the employer garnish wage. Bank loans for Vehicle, house, or credit cards are usually not permisable for garnishing wages in NC. Hope this helps.
Can private student loans garnish your income taxes?
Yes, they can and if you don't call them to take care of it, they will. I have seen it happen to more than one person. They will give you a chance to get your loans out of default, but if you move wrong, you will lose that privilege.
