student loan wage garnishment

Date: Sat, 05/29/2010 - 15:09

Submitted by anonymous
on Sat, 05/29/2010 - 15:09

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Total Replies: 1

student loan wage garnishment

Received a letter from HR regarding that my wages will be garnished in the next couple of weeks. Is it too late to call the collecting agency or the lender where my student loan was serviced? I noticed their was a question on consolidating student loans that are in default but could not consolidate a student that was already up for wage garnishment, is this correct? I filled out a student consolidation form with Direct Loans, should have done this sooner but waited too long. Was filling out the form a waste of my time? Is it also too late to appeal to court for hardship as well. I also have a son in college, and another son going to college Fall 2011, will this wage garnishment affect them getting student loans. What I'm trying to say is, what is your suggestion to best handle my nightmare of a situation. I do not want my children to be penalized for my bad judgement or mistakes. HELP!!

Your lender or servicer is long since out of the picture...they

Your lender or servicer is long since out of the picture...they filed a default claim with your guarantor. During the past 60-90 days you would have received a 30 garnishment notice, that is providing the guarantor had your correct address. Them not having a correct address is not a valid dispute as it is your responsiblity to make sure they have correct contact information at all time.) Since the garnishment process has started, your consolidation loan will be denied. There is no court to appeal to....federal student loans do not require a court order. You can appeal but supporting children over the age of 18 or their college expenses are not valid expenses for appealing on hardship grounds.

Your children will be able to get their own student loans...however you will not be able to assist them with PLUS loans.

lrhall41

Submitted by SOAPLADY on Sat, 05/29/2010 - 16:16

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