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Congress Passes Relief for Student Loan Borrowers in CARES Act

Titan Consulting

JUNE 7, 2020

Interest Holiday : Interest will not accrue during the payment suspension period. Stopped Involuntary Collection Activity : The Department of Education suspended wage garnishments, Social Security garnishments, and tax refund offsets on federally held student loans.

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Student loans Student Loans Loans Accrued Interest 64
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How Can I Stop Student Loans from Taking My Taxes?

Credit Corp

MARCH 9, 2021

If it does, you’ll receive a refund offset notice in the mail in advance of the proposed refund garnishment. If you pay your student loan balance before the IRS issues your tax refund, your refund won’t be garnished. To garnish—i.e., With interest and fees, his balance grew to $1,350 by January 2021.

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Student loans Student Loans Loans Garnishment 98
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