Can You Call Your Student Loan Company And See If They Will Not Take Your Income Tax Return?
My mom had a stroke in 2007 and only make 15,000 dollars by getting her retirement money early in 2008. She has a student loan in default and I was just wondering if I could call the company so they won’t garnish my mom’s tax return. She will have no income this year so she really needs her tax return.
sunflowe said
am December 22 2009 @ 1:52 am
File online for a deferment based on “financial hardship”. If she was in bankruptcy, see a lawyer to see if they can reopen her bankruptcy to include the student loan if she made payments when she could, but will not be able to in the future. It is rare that they will approve it, but possible. Of course the cheapest way is the financial hardship deferment, but it only lasts a year at a time. I just filed for one. I think maybe I can renew it in a year, but not sure.
If you call the loan servicer, you might only get a message that they will call you back in 2 days or get a person in a foreign country who doesn’t understand a word you say or tells you they will take care of it and then doesn’t.
Fax in the income proof to the servicer’s fax line after applying for financial hardship deferment online. Don’t count on the mail. It might get lost in the mail. Fax is faster and more dependable.