Your Questions About Student Loans
Mandy asks…
Student loans?
I currently have two student loans in default. I already made arangements to pay my deferred loans and I have been paying them on time for the past three months. I would like to know can they still garnish my income tax although I am paying on the loans?
Joe answers:
Nope, unless they take you to court and your bank received a subpoena from them.
Nancy asks…
Student Loans?
I owe my student loan $461. Do you think they will take my income tax?
Joe answers:
IF you’re in default–probably! Pay off your student loan, pay a little bit every month. As long as you’re paying and NOT in default, you’re OK. If you lose your job, get a deferment until you’re working again. You can’t escape, so best bet is to pay up as you go along. If you slip by this time, they’ll get you next time. So IF you get the refund, do yourself a favor and pay off the student loan!
William asks…
student loans?
I need to help my brother get his student loans out of default. How can I get a complete list of all of his loans? To start paying on them we need to consolidate them and make one monthly payment. How do I do this?
Joe answers:
You can get a list of all his loans from his school’s financial aid office. They can also give you advice on how to consolidate loans. If he has a whole bunch of federal loans, the government does offer a way to consolidate them. If he has federal loans, go to www.dlservicer.ed.gov and login. There will be an option to consolidate loans. If he has more than federal loans, many banks and companies offer consolidation of loans ay lower interest rates. My favorite is citibank through their program called citiassist, this can be access at www.citiassist.com. There are many others. I receive offers in the mail constantly, and I’m only a junior in college. I hope this info helps!
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