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Is garnishment based on your current residence or where you got the loans?

Cynthia Baker

in Student Loans

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Roger Moore on March 1, 2018

However, it is based strictly on income, not on current residence or where you have loans.

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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