Can Child Support Take Student Loan Money

Can child support enforcement take federal student loan money to pay past due child support. Child support debt consolidation.

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can child support take student loan money

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Money remaining in your bank account is at risk since you owe a government agency.

Can child support take student loan money. Can child support take money from my bank account if it came solely from student loans. The only money in my account was deposited in the form of a government student loan check and was garnished by the family support registry. So the answer to wils question is.

They may or may not have had the right to take the money in the first place as a student loan is not considered income. Back child support in arrears debt payoff is possible debt loan payoff posted on january 15 2014 posted in child support payoff no comments there are many circumstances where one parent has fallen behind in your monthly payments on a back child support debt and this can result in a situation where it becomes difficult if not impossible to catch up. Income tax returns can be seized and wages garnished until the loan is paid.

Also if you deposit federal financial aid funds in your personal bank account the money may be garnished as a result of a child support order. As you can see not paying child support comes with severe consequences. It is a loan and while it may be your source of income while a student it does not count for child support purposes.

A lien was placed on my bank account and within that account i had federal student loan money. They will not garnish your student loans for child support. Even more severe you cant get rid of this debt even by declaring bankruptcy and you still owe the money after your child becomes an adult.

Falling behind on child support payments can be extremely tough on your budget especially in states that apply interest charges. Can child support take a student loan. Because the funds present in a joint account cannot be attributed to one account holder or the other a state will assume all the funds in the account belong to the delinquent party.

However you may have set aside grant or student loan funds while you were eligible. How to get a loan to pay off child support. A few factors determine whether or not a joint account can be garnished to pay for delinquent child support payments.

I know that the federal govt wont intercept student loans to pay child support but can the state. However retroactive child support could affect your fafsa. Although federal financial aid may not be garnished for child support other federal benefits such as social security benefits may be.

Pay that child support before your student loans. The debt can add up quickly and lead to a range of consequences you dont need including wage garnishment and jail. Your financial aid is not protected from a student loan freeze.

Because it is a loan for the specific purpose of education and not an income opportunity then it may be considered in a different category.

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