I currently have a student loan acquired as the result of a company demand before being hired. I was 48 years old when I entered a state college and graduated at 50. I am now in default with the Stafford student loan managed by a state agency. I am currently 62 years old and want to know if this loan can be garnished from my Social Security check?
Latest posts by Consumer (see all)
- Litigation Practice Group – Consumer Complaint – February 15, 2023 - February 15, 2023
- Zwicker & Associates – Consumer Complaint – December 5, 2022 - December 5, 2022
- South Coast Financial Center – Consumer Complaint – November 7, 2022 - November 7, 2022
These are government subsidized loans, correct?
yes.
Yes, they could garnish your Social Security check since it is a government liability. I’d contact your servicer and ask about the Income Based Repayment program to get the lowest payment possible.