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Thread: If I owe on a student loan, can they take my stimulus check?

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    Default If I owe on a student loan, can they take my stimulus check?

    Sorry if this has been asked before but I suck at the search function!

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    Peanut_Butter
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    Default Re: If I owe on a student loan, can they take my stimulus check?

    ^ Has it defaulted?

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    Default Re: If I owe on a student loan, can they take my stimulus check?

    I have no idea what that means! I'm actually asking for my bf. They took his federal check so I'm almost assuming they're going to take his stimulus, and that sucks.

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    Peanut_Butter
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    Default Re: If I owe on a student loan, can they take my stimulus check?

    Then it probably defauled...meanign he never made the payments and it went to collections. a huge no no for student loans. they can garnish wages and take tax refunds to get paid. If they took the federal check I would assume they are takign the stimulus, but I don't know for a fact. The stimulus might be exempt from garnishment. I'm sure Melonie will know

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    Default Re: If I owe on a student loan, can they take my stimulus check?

    Schucks My poor bf. We were counting on that money too. Why can't this check just be for us?
    Well thanks you guys for the info.

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    Banned Melonie's Avatar
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    Default Re: If I owe on a student loan, can they take my stimulus check?

    the government gives, and the government takes away.

    No offense intended, but these stimulus checks aren't 'free money'. They are being financed by borrowed money that will have to be repaid by US taxpayers. Along those lines, there are some of us who have managed to work our butts off, to scrimp and save and invest smartly, such that we aren't eligible to receive a stimulus check. We are, however, eligible to have our future income taxes increased in order to pay for the stimulus checks sent out to others.

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    Default Re: If I owe on a student loan, can they take my stimulus check?

    Quote Originally Posted by Melonie View Post
    the government gives, and the government takes away.

    No offense intended, but these stimulus checks aren't 'free money'. They are being financed by borrowed money that will have to be repaid by US taxpayers. Along those lines, there are some of us who have managed to work our butts off, to scrimp and save and invest smartly, such that we aren't eligible to receive a stimulus check. We are, however, eligible to have our future income taxes increased in order to pay for the stimulus checks sent out to others.
    FUCKING PREACH IT!

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    Default Re: If I owe on a student loan, can they take my stimulus check?

    Quote Originally Posted by Melonie View Post
    the government gives, and the government takes away.

    No offense intended, but these stimulus checks aren't 'free money'. They are being financed by borrowed money that will have to be repaid by US taxpayers. Along those lines, there are some of us who have managed to work our butts off, to scrimp and save and invest smartly, such that we aren't eligible to receive a stimulus check. We are, however, eligible to have our future income taxes increased in order to pay for the stimulus checks sent out to others.

    I'm ignorant when it comes to tax subjects etc...I didn't realize all of that. I am one of those people who thought it was free money. But I should've known better. NOTHING in life is free..

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    Default Re: If I owe on a student loan, can they take my stimulus check?

    Yeah, the money is only if you meet certain requirements. Personally I underpaid on my self reported income all year so I only get $300.

    It's preeeeetty hard to default on student loans if I understand correctly (I think you have to not pay or get in touch w/ your lender for six months???), so I can see how they'd yoink it.

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    Default Re: If I owe on a student loan, can they take my stimulus check?

    Update:

    They are not taking his stimulus check

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