can my wages be garnished if I am making payments in student loan?
Well apparently so, eh. They've done it. Actually, anyone you owe can garnish your wages if you are in default and they have a judgement against you. If you're not sure of the legal limits of garnishments, speak to someone in the payroll department where you work. They can most likely advise you. Student loans are one of the first things a person should begin paying off ASAP after they finish school. It always amazes me that people have "other bills to worry about" and don't even consider the student loan to be a bill. As you've seen, they can garnish your wages, withhold your tax refund, pretty much get it by any legal means. The sooner you pay this off, the better.
by ~RedBird~ - 8 hours ago
They can and will. It is likely 24.5% after taxes and deductions and 15% before. My suggestion would be to increase income/assets by maybe getting part time job or asking for raise. Getting the debt paid off asap may put a strain on your bank account but will feel better in the long run when you pay off the debt faster. Hang in there!
by jjungema - 8 hours ago
Have you tried to consolidate your loan with another company? Then you could make arrangements with them for a lower amount. It is worth a try, Alicia
by there4u - 8 hours ago
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