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About LynnInMN

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    CB Student Loan Guru

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    Naples, Florida

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  1. LynnInMN

    14 Year Old Perkins loan out of nowhere

    FYI...there is a charge for the privilege of tax offset .
  2. LynnInMN

    keybank loan, please help

    This could have been a federal loan...FFELP loans were not discontinued until 2010. Who are you making the payments too? A CA? Log into NSLDS to check if this is federal.
  3. LynnInMN

    Need a student loan

    Has he done a fafsa to get his own aid?? Have him look at his schools financial aid website. Sounds like he was taking private loans
  4. Legaleagleno judgment is required for admin wage garnishment. Poster...follow the instructions provided to you. Sending your objection elsewhere only delays the process as the lender will simply forward to the CA without reading.
  5. LynnInMN

    Defaulted on student loan, twice.

    Hindsight...when you lost your job you should have applied for a hardship deferment....you were eligible for up to 3 years. You could ask if you could consolidate but based on the 2 defaults they may refuse.
  6. LynnInMN

    Garnishment ... Administrative vs. Phony

    Whoever wrote the cut and pasted section above is abolutely clueless. Private collection agencies are contractors for the DOE. They are able to garnish 15 percent under the Administrative Wage Garnishment Program authorized by Congress. (administrative wage garnishment (AWG). Federal law (P. L. 102-164; as amended by Public Law 109-171; 20 U.S.C. 1095a et seq.) allows for the withholding of wages from defaulted borrowers.) The paperwork sent to the employers informs them of the law and the employer themselves can be held liable for non complience.
  7. Family member committed a federal offense....he is a criminal. Will you qualify for any SS benefits at retirement? That can be garnished. Report the criminal.
  8. Yup....he left the school too long ago. They wont be forgiven. Best you can do is rehab/consolidate.
  9. LynnInMN

    Served today help!

    The school probably sent several notices....i would suggest trying to settle asap
  10. LynnInMN

    Need Help with Perkins Loan - What should I Do?

    You defaultedx on the loan...you are making payments on a bad debt. It says a collection until paid off.
  11. LynnInMN

    Student loan repayment (Great Lakes) interest?

    Your daughter should be writing her own letters....it is her credit. She gotta learn sometime. She may also want to log into NSLDS to check who she owes. She could have owed on institution loan....they definately will attach state loans if she attended a public school or got a perkns loan.
  12. LynnInMN

    Federal Loans PIF Via Garnishment

    Being garnished takes time so obviously you did not communicate with your lender. It takes 270 days to default and that is after your 6 month grace period. Your servicer/lender would have given you scads of notices to contact them. Garnishment post default doesnt happen for about a year. I am just out of school and I have received multiple communications about ICR and IBR repayment. Nothing ironic about it. System has been working this year for years......ICR came out when I was collecting in the 1990's.
  13. LynnInMN

    called the debt collector

    have him look up student loan rehabilitation and Consolidation
  14. LynnInMN

    2 student loans, less income

    You rehabbed them but have you consolidated them yet?? Then you can go on income contingent or income based. Defer them....you are entitled to up to 3 years economic hardship
  15. LynnInMN

    no non tax debts found: assume no offset?

    If you are working towards a rehab (no such thing as being in rehab) and are making payments, depending on your guarantor, they may no put you on the offset list. However offsets are not usually submitted until late December.

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