Wage Garnishment To Collect Student Loans
A man called me concerning collection of an education loan. The caller had defaulted on payment of a large education loan, and the government had turned over collection to a private collection firm and its attorneys. The collection firm threatened to garnish the caller's wages. The caller explained that he supported his spouse and that he was head of household. Initially, I told him that his wages were protected from garnishment by Florida Statutes because of his head of household status. When I looked into the matter further I discovered that there are federal laws and regulations concerning collection of student loan. These laws specifically permit wage garnishment, and they state further, that the governments garnishment rights supercede state law regarding wage garnishment. I found cases in other states which said that the federal government's right to collect default student loans preempted the state's garnishment protections. It would appear that the federal government can garnish the wages of a Florida head of household to collect student loan debt. Please email me if someone is aware of contrary law.
i moved from ny to fl over a year ago and today i got a letter from my employment that a garnishment will began. i got no letter before this can i stop this and start payments is florida law different then new york?
Hi, I have high educational debt on which I will probably have to default. I have retirement savings invested in mutual funds through my employer's deferred compensation program. Can they garnish those savings/investments? I would appreciate your help very much!
Wage garnishment is no joke it is a serious problem that needs serious consideration.In any case everyone must know his rights and must know that IRS must notify you before garnishing wages:)