My brothers whole tax refund was garnish because of student loans not being paid. I there anyway he can get that money back if he makes an aggrement with the student loan company or is the money gone for good? Has this ever happen to anyone and what did you do??
2007-02-11 07:34:25 · 7 answers · asked by ready 2 in Education & Reference ➔ Financial Aid
He has not been paying on his loans...he said they were in forberance, but I dont believe that.
2007-02-11 07:40:45 · update #1
As a former debt collector, There is no way he can get that money back. His best bet is to call and make payment arraignments so that this or other legal remedies to collect money don't happen to him in the future. Bank levies are usually the next step, meaning they freeze his bank account and take any money in the account. That would stink.
2007-02-11 07:45:34 · answer #1 · answered by That Guy 5 · 1⤊ 0⤋
Money collected to repay delinquent loans is gone for good unless they took more than he owed (doubtful).
How is he coming on repaying that loan?
2007-02-11 07:38:13 · answer #2 · answered by Thomas K 6 · 0⤊ 0⤋
Once garnished the money is goes to what is owed, that has not been paid
2007-02-11 07:40:34 · answer #3 · answered by Domino's Mom 5 · 0⤊ 0⤋
According to Suzy Orman, student loans and IRS are debts that don't go away.
2007-02-11 08:36:06 · answer #4 · answered by Silly Girl 5 · 0⤊ 0⤋
No way, he owes the money, and the government will take it. he can file a hardship, but it will not work.
2007-02-11 07:39:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋
it is gone for good. However, if he is married and files jointly his spouse can file an injured spouse form so her portion is untouched.
2007-02-11 08:39:06 · answer #6 · answered by brandyswilkes 3 · 0⤊ 0⤋
It's gone. No gettin it back.
2007-02-11 07:42:53 · answer #7 · answered by Shari 5 · 0⤊ 0⤋