Has Anyone had their tax refund check taken from them or some of their money depleted because of a defaulted student loan? People say it can be done but I want to see if anyone has had this happen to them? If you did how much? How much do you owe in student loans? Or did you owe? Please serious responses here. Just trying to get an idea.
2007-02-28 04:28:02 · 5 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
How long did you default for before resolving it? Was it in collections?
2007-02-28 04:49:49 · update #1
Mine did. They took my entire refund even though the refund was $1,500 more than my loan balance and that was 10 years ago.
I received the loan 7/89, started paying on it in '93 and my tax refund was seized in '97. The loan never went into collections, but it was sold to another loan company.
2007-02-28 04:36:29 · answer #1 · answered by Angie P. 6 · 0⤊ 0⤋
I defaulted but money never got taken from my tax refund or anywhere else. I am now paying my loans and have been for the past couple of years. However, I had a friend years ago that defaulted and her tax refund was taken so I know that it can happen. I think the loan was for maybe $10,000 - $12,000 but not 100% positive on the amount.
2007-02-28 04:38:05 · answer #2 · answered by Aimee P 2 · 0⤊ 0⤋
you're absolutely doomed in case you nevertheless rigidity out yet no longer do some thing about it. in simple terms starting off to make funds gained't make the default pass away--that couldn't ensue until eventually you're making sufficient funds to convey your account as a lot as this factor. yet, you could typically make some type of preparations with the lender because they comprehend that acquiring you to make a decreased price on a wide-spread foundation is extra appropriate than getting no longer some thing in any respect. So, contact the lender, clarify your subject, and exercising consultation a deal. Then follow it and ultimately your debt will be paid off.
2016-12-05 01:44:58 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes tax refund check.
2007-02-28 04:37:36 · answer #4 · answered by Dallas S 4 · 1⤊ 0⤋
yes it can be done and most likely it will be done if you default. the nasty thing about student loans is that they never go away and you cant file bankruptcy on them. they can also garnish wages to get their money
2007-02-28 18:37:18 · answer #5 · answered by Anonymous · 0⤊ 0⤋