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What Happens if you cant pay back a student loan. Due to low income?

April 26, 2017aid Education financial happens income low pay Reference student loan

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What Happens if you cant pay back a student loan. Due to low income?

1 Answer

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10 Posted

my wife has this problem, she defaulted on a student loan, they tried to garnish her wages but luckily the company she works for is not based in Texas so they put a stop to that, we still have the unfortunate problems of having our tax refund ripped away from us. I have to fill out an “injured spouse” form to get back my portion of the tax refund. Student loans are federally guaranteed so they will hold it against you forever until the debt is paid.