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My Student Loan Never Goes Down Even Though I’m Being Garnished. – Charlotte

Written by Steve Rhode

“Dear Steve,

I have been a fool thinking that because my ASA student loan has been garnished from every paycheck for over 10 years that I was making a dent in the amount owed. I learned today that I owe more now than before due to collection fees. Each time an automatic payment was taken and interest accruing some kind of way. Feels like highway robbery to me but I need to figure out what to do from here out. Amount owed now is $121k.

How can I make payments go to reducing the loan debt?


Dear Charlotte,

I’m puzzled how this situation developed. Have you not been looking at your account statements or checked on your account over the past decade?

The obvious way to get your student loan balance to go down would be to pay more than the minimum required each month. It sounds as if the amount garnished is only going towards the interest and not the balance of the loan.

The loan ASA is collecting for may be a federal student loan. In that case you should probably be on an income based repayment program which will stop the garnishment and lower the payment based on your income.

See this guide for details on how to do that.

Please post your responses and follow-up messages to me on this in the comments section below.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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