I Paid Off My Student Loan But My Tax Refund Was Captured

Question: Dear Steve, Back in 2011, I paid off my student loan in full for $10,152. I had purchased a money order at United States Post Office. I received a settlement of close to $100,000 at that time in March 2011. I wanted to pay off my loan so I wouldn’t have to think about … Read more

Help! My Tax Refund Was Taken to Pay My Student Loan Debt

Many people have already filed their taxes this year — particularly those owed refunds. Because of rising taxpayer identity theft, it’s a smart idea for anyone to file quickly. However, some taxpayers are discovering the refund they thought was coming has instead has been taken to pay their student loan debt. Here’s a sample of questions … Read more

My Tax Refund Was Intercepted Because of Delinquent Student Loans

“Dear Steve, I have a federal student loan that I haven’t been paying on. My 2014 tax refund has been garnished. Is there any way to get this reversed. If I set up a payment schedule with the US Department of Education C/o Great Lakes Higher Education Guarantee Corp? Thanks, Roger” Dear Roger, If your … Read more

Can the IRS Seize Our Bank Account for a Defaulted Student Loan? – Judy

“Dear Steve, IRS has garnished our income tax refund from 2012, for a student loan defaulted in 1990 or 1991. This is my student loan, for about $2200 at the time. I’m sure it is more now, 23 years later. I am not employed. My husband’s income is our only source of income and we … Read more