Borrowers who have stopped repaying their federal student loans may get an unwelcome surprise during tax season: The refunds they were expecting may be withheld by Uncle Sam.
In what is called a tax refund “offset,” the government has the right to withhold funds from student loan borrowers who have fallen into default, and apply the money to the loan balance.
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2 comments:
Great !I've heard some people in their
50's have never pd them back as yet.
That should be quite a collection if they
follow through one everyone.
Snowflakes and your peeps - hence this warning! Pay just like everyone else or you WILL PAY via the feds!
Suggestion - stop your protesting, get a job and pay your bills like AMERICANS!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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