have you ever had a student loan go into default?
Oct 30th, 2008 by admin
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.
How long did you default for before resolving it? Was it in collections?
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.
Yes tax refund check.
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.
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