CreditBoards > They can't garnish my wages

HCEast

May 21 2005, 06:27 PM

I have a student loan from 1986. It was originally $2,300 and is now up to $5,000. The DOE's CA sent me a letter saying they were going to garnish my wages so I sent in the financial waiver form and it was granted. So now that they can't garnish my wages, I figured I would call in and see what kind of arrangements I can get. I can't afford much (obviously) - maybe $50.00 a month. Does anyone know if they would be willing to accept that and will I be able to get any of the interest and penalties taken off.

Thanks

Heather

citygirl8

May 23 2005, 08:23 AM

Yes. Read up here on rehab.

LynnInMN

May 23 2005, 08:42 AM

QUOTE(HCEast @ May 21 2005, 05:27 PM)

I have a student loan from 1986. It was originally $2,300 and is now up to $5,000. The DOE's CA sent me a letter saying they were going to garnish my wages so I sent in the financial waiver form and it was granted. So now that they can't garnish my wages, I figured I would call in and see what kind of arrangements I can get. I can't afford much (obviously) - maybe $50.00 a month. Does anyone know if they would be willing to accept that and will I be able to get any of the interest and penalties taken off.

Thanks

Heather

You can probably qualify for rehab with the $50 pay. However only the penalties are taken off at time of rehab, not the interest.