Yes, your social security benefits can be garnished if your Federal student loans are in default.
There are only 2 ways to get out of default on your Federally Guaranteed student loans.
If you need additional help, click on my user name, "studentloaner", below.
****Actually, you should check your contracts carefully. Student Loans can NOT be consolidated after default. Check before you count on the service, guarantor or lender to do anything. Read the fine print. I speak from personal experience***
The above statement is incorrect. Default Federal student loans that are not being garnished CAN be consolidated. I do it everyday. If a defaulted loan has a wage garnishment attached, then the underlying defaulted loan may or may not be consolidated, depending on the guarantee agency. About 80% of the guarantee agencies will allow a consolidation while be garnished, the other 20% will not. I have helped people with their Federal student loan problems since 03/2001, so I know what i am talking about.
yes - it can be garnished for any federal obligations
No. Social security and social security disability CAN NOT be garnished by a collection agency, BUT the Federal government can garnish it for child support, back taxes, unpaid student loans or any other money for which it is owed. SSI on the other hand CAN NOT be garnished by anyone, not even the Federal government since it is awarded by need. Hope this helps, Lsqud in PA
No.
the borrower
The answer is NO, SSI will NEVER be garnished, except to repay SSI overpayments, which can be recovered by a 10% reduction of benefits. SSI will NEVER be garnished for student loans, back taxes, etc.Regular social security payments (NOT SSI) can be garnished IF you draw MORE than $750/month. If you make LESS than $750/month, nothing can be taken from your earnings. A garnishment can take 15% or the amount OVER $750, whichever is less to repay a "non-tax" debt, such as a student loan.
Yes.
No.
Not if he did not cosign on the loans.
Yes
yes, they definitely can and will.
It can be garnished by the federal government. Federal student loans, IRS debt, ect. Also if you owe back child support or alimony payments, it can be garnished. However, it cannot be garnished by regular creditors.
no