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January 31, 2023
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Does anyone know if the irs will be taking refunds for student loans?

  • January 31, 2023
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Best answer by bluedeb

In a regular tax season, if you have federal student loans in default, your tax refund can be used to help make up for what you owe on your loan. However, this doesn’t apply to private student loan borrowers, whose tax refunds cannot be garnished if their private loans are in default.

 

For federal student loan borrowers, your loans go into default after 270 days of past-due payments.

1 reply

bluedeb
bluedebAnswer
Employee
January 31, 2023

In a regular tax season, if you have federal student loans in default, your tax refund can be used to help make up for what you owe on your loan. However, this doesn’t apply to private student loan borrowers, whose tax refunds cannot be garnished if their private loans are in default.

 

For federal student loan borrowers, your loans go into default after 270 days of past-due payments.