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.
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
Not sure who "they" are...but they can use all legal means to collect what you swore you would pay.
In the U.S., the answer is Yes if you file jointly. I assume your wife's loans are in default. If she needs help getting out of default, contact Default Management Services.
So you were expecting a tax refund from the IRS after you filed a tax return. Insteasd of getting your refund, the IRS sent you a letter saying that your refund was used (garnished) to satisfy your back tax debt. What is going on? This means that you have a back tax liablility with the IRS and the IRS will take your refund to satidfy that debt. If you got your refund check garnished and you were unaware you owed the IRS, you need to take care of this situation fast. The IRS can start enforced collections against you and go as far as garnishment of your pay and levy your bank accounts. You can find out more at wallysworldoftaxes.blogspot.com.
Student refund checks are issued at the beginning of every semester
both...untill its paid off.
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 not delinquent with your student loan, your federal income tax refund will not be garnished.
If it is a govet' insured or guaranteed loan, yes.
Not sure who "they" are...but they can use all legal means to collect what you swore you would pay.
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.
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.
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.
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.
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..
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.
In the U.S., the answer is Yes if you file jointly. I assume your wife's loans are in default. If she needs help getting out of default, contact Default Management Services.