Can student loan payments be garnished from my wages or my income tax returns?
If you have defaulted on your student loan, the answer is yes. Be aware that defaulting on your student loan can severely damage your credit rating for years. And worst of all, your student loans will never simply go away. Normally, bankruptcy does not apply to student loans. If you have defaulted on any of your federal education loans, here are some options: 1. Contact the agency that is billing you. Do not wait! 2. Explain your situation fully. 3. Ask them what options are available to resolve your problem. 4. Let them know that you are willing to repay your loan and ask them to work with you. 5. Always stay in touch with your lender, servicer, or collection agency. This is especially important if you have changed your address, phone number, or email address. If your student loan is in default by mistake, here are some other options: 1. If you are enrolled: You have been attending school on at least a half-time basis. Contact your school registrar to get a record of all of your dates
