How do I know if school loans will be garnished from my tax returns?

Answer 1

If you have defaulted on your Student Loans for not paying them, Financial Management Services directs the IRS to Offset your refund.

You can call FMS at 1-800-304-3107 to see if there is an Offset against you

Answer 2

If you've defaulted on a government guaranteed loan (state or federal) you should count on it.

It's not a "garnishment". Garnishment is the taking of your pay following a judgement from a court. The term for taking your refund for defaulted student loans is "offset".

Answer 3

If you haven't paid on the loans.... but sometime they take awhile before they start garnishing your loans... but if you just got out of school no.

Answer 4

If you have school loans in default, there's a good chance your tax refund will be garnished for that amount.

If youre filing jointly, your spouse should file a Form 8379 for "Injured Spouses" so that he can claim his portion of the refund.

Answer 5

I assume you are talking about any refund that you may be entitled? They can withhold any refunds and other collection methods to seek repayment of student loans. You cannot bankrupt on student loans either. If you owe money for student loans, it would be better to try and work something out. If you are in a financial bind, they are normally willing to work with you until things improve. I would not ignore them, it will only mess your credit up. Be honest with them about your situation and what you can afford to pay. You got an education out of them, it is only right you repay the money you borrowed to get the education. If they get a judgement against you they can garnish your bank accounts and wages to collect. There are other collection methods they can also employ to collect. It would be in your best interest to talk to them and see what you can work out.

Answer 6

If you owe it then it is quite likely to be garnished, but that is good--you OWE it after all.