Student loan tax garnishments: what you should know

 

Source: Robert Farrington - Forbes

One segment of student debtors is hurting more than the others wrapped up in the student loan crisis. Borrowers who are in default on their loans are susceptible to myriad consequences ranging from damage to their credit scores to wage garnishment, withholding of Social Security, losing their tax refunds, and all subject to collection fees that could be as high as 25 percent of the principal and interest of their loans — even as more and more interest accrues.

Read Full Article: Student loan tax garnishments: what you should know

Tags/Keywords

 

Search

Quick Menu

Facebook FTwitter T
 

Consumer Help Desk

Advocacy