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What is garnished student loan?

Jennifer Patterson

in Student Loans

1 answer

1 answer

Dana Keller on April 12, 2019

In the U.S., a garnished student loan happens when a borrower becomes Default on the outstanding loans that it makes a collection company garnish wages of the borrower. However, is when an employer deducts money from a paycheck of the employee and sends it to a collection company. Garnishment of Federal Student Loans have a limit of 25%. An online company that helps default of the borrowers get a lien lifted is Default Management Services, Inc. You can search on Google the company for the phone#. Ask for Doug.

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