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If a student is still in school can the IRS take their federal refund for student loan payments?

Rodney Fox

in Student Loans

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Eric Morgan on May 28, 2018

yes, if your loans are in default, then, it will be included in the compensation of the Tax from the list. Once in the list, your tax refund will be kept by the Guarantee agency until the loan is paid off or until the loans are out of default. No matter if you are in school or out of school. In the united states, if Federal Student Loans are in default, then your original lender was paid 97% of its value of credit Federal Guarantee Agency. Ensure the Organizations are, basically, the insurance companies. When your lender was paid, the Guarantee Agency took ownership of your loans. Guarantee Agencies have the right by law to keep any Federal income Taxes on the money that is owed to you. They also have the right to garnish wages and to garnish Social Security benefits. If you need help getting out of default and get off the tax offset list, click on my profile, StudentLoaner, below.


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