I enrolled in Everest University In Tampa Florida In November 2007. Due to family financial problems and an unexpected death I was unable to finish. With the job that I have now I am just making ends meet. I have however started a small savings account in hopes of saving enough money to take some classes at my local community college.
Can the Government seize my bank accounts to collect on my defaulted student loans?
The government has wide powers when it comes to collecting on defaulted consumer loans. From intercepting tax refunds, to garnishing wages without going to court, it is never a good idea to leave a student loan in default. Call the loan servicer or Department of Education and get your loan rehabilitated and brought out of default before you do anything else.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.