Monday, October 26, 2009

My student loans were currently put in deferment?

My student loans were just recently put in deferment, would my taxes go to the loans? Or would the loans have to be in default for anything to happen?



My student loans were currently put in deferment?

If your loan is currently in a deferment status, then that would mean that you are not defaulted on the loan, therefore the loan is in a current status and no payments are due until your deferment ends. If no payments are due, then the federal government will most certainly NOT withhold your tax refund (which I'm sure is what you are referring to when you say %26quot;my taxes.%26quot;)



The only time the federal government will withhold your tax refund is if the borrower defaults on the terms and conditions of the federal student loan by not making agreed upon payments or notifying your lender of the inability to make a payment and requesting a deferment or forbearance.



Since you are keeping up with your end of the bargain (which you agreed to when signing the Master Promissory Note) then your loan is in good standing, and, since you're in deferment, no payments are currently due.



If after filing your federal tax return you are due a federal tax refund, it will be disbursed to you as usual.



My student loans were currently put in deferment?

I don't think you are allowed to default on student loans ever again! Y ou're stuck with them.



My student loans were currently put in deferment?

they will take it out of your income tax return. period. end of story.



My student loans were currently put in deferment?

They have to be in default to take your taxes.



My student loans were currently put in deferment?

Your loans would have to be in default for your taxes to go to your student loans. It is just best to call the Education Department and make payment plans. They are very willing to work with you.



My student loans were currently put in deferment?

Unless you are in default, your tax return refunds wont be taken against your will.



My student loans were currently put in deferment?

The only way that you taxes would go to you loans is if you pay the off with your taxes. A few months ago one of my student loans were in default and they sent me a letter saying start paying or we will seize your taxes. So I would believe that they would let you know first and give you a chance to make payments. But if you differed they you are all set, they cant take your taxes. Mine was a federal student loan I think they might be the only ones that can size your taxes.

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