Asked by Bryan  |  Submitted October 29, 2018

Can student loan creditors garnish your money?

Report Question Report

  Leave Answer

Sign in to MoneyTips
By submitting you agree to our Terms of Service

  Answers  |  2

November 28, 2018

Yes. Here is a great article to learn more: https://www.nolo.com/legal-encyclopedia/can-my-student-loan-creditor-garnish-my-wages.html

$commenter.renderDisplayableName() | 08.19.19 @ 16:25

{comment}

December 03, 2018

Federal law protects Social Security and retirement incomes from garnishment by almost all collectors. But what about the IRS and student loan debts? The IRS and public student loan lenders can and occasionally will garnish 15% of a senior's Social Security income. However, garnishment of Social Security from lower-income seniors can be prevented, stopped, or the payments drastically reduced. Read these articles to learn more:
https://www.moneytips.com/can-the-irs-or-student-loan-creditors-garnish-my-social-security
https://www.moneytips.com/your-unpaid-student-loan-could-cost-you-your-tax-refund

$commenter.renderDisplayableName() | 08.19.19 @ 16:25

{comment}