The government seized her tax refund to cover her student loans … now she is trying to get it back

Deutschland Nachrichten Nachrichten

The government seized her tax refund to cover her student loans … now she is trying to get it back
Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen
  • 📰 CNBC
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

For the increasing number of people who've fallen behind on their student loans, tax refunds never arrive.

As she scanned the letter's black type, Alexis Patterson felt herself go numb."The U.S. Department of Treasury ... applied all or part of your payment to delinquent debt that you owe," it read.

Patterson is now scrambling to get her refund back, but she's finding the process close to impossible. She owes around $80,000 in student loans. The Education Department is required to let borrowers know in advance that their tax refund will be taken but many people never see that letter for one reason or another.The Education Department did not respond to CNBC's request for comment.

Last year, the National Consumer Law Center published a report, titled"Voices of Despair," which chronicled how poor people's lives can be thrown into chaos when their tax credits are seized. She reached out to Stanley Tate, a student loan lawyer, for help. Tate explained that she was unlikely to get the government to return her refund, since she was not at risk of foreclosure or eviction.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

CNBC /  🏆 12. in US

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Why Tax Refunds Aren't Really A Good Thing: How To Plan BetterWhy Tax Refunds Aren't Really A Good Thing: How To Plan BetterDid you get a refund this year? It would probably be better financial planning if you didn't.
Weiterlesen »

Why Tax Refunds Aren't Really A Good Thing: How To Plan BetterWhy Tax Refunds Aren't Really A Good Thing: How To Plan BetterDid you get a refund this year? It would probably be better financial planning if you didn't.
Weiterlesen »

Why Tax Refunds Aren't Really A Good Thing: How To Plan BetterWhy Tax Refunds Aren't Really A Good Thing: How To Plan BetterDid you get a refund this year? It would probably be better financial planning if you didn't.
Weiterlesen »

7 Ways To Make The Best Use Of Your Tax Refund7 Ways To Make The Best Use Of Your Tax RefundWhether your refund is more, less, or about what you expected, the key is to make the best use of it. Here are some options to consider in general order of priority:
Weiterlesen »

Here's What The 2020 Presidential Candidates Say About Your Student LoansHere's What The 2020 Presidential Candidates Say About Your Student LoansThe 2020 race may reshape the future of student loans.
Weiterlesen »

Elizabeth Warren proposes canceling student loan debt and offering free public collegeElizabeth Warren proposes canceling student loan debt and offering free public collegeSen. Elizabeth Warren unveils a plan to cancel up to $50,000 in student loan debt for households earning under $250,000 a year, the only major 2020 presidential candidate to advance such an ambitious plan.
Weiterlesen »

Elizabeth Warren just vowed to scrap student loan debt for 42 million AmericansElizabeth Warren just vowed to scrap student loan debt for 42 million AmericansDemocratic presidential candidate Elizabeth Warren, who had already proposed making college free, just vowed to scrap student loan debt.
Weiterlesen »

Elizabeth Warren proposes canceling billions in student loan debtElizabeth Warren proposes canceling billions in student loan debtU.S. Senator Elizabeth Warren, who is seeking the Democratic nomination for the ...
Weiterlesen »

Elizabeth Warren: Let's Cancel Student Loan Debt And Make College FreeElizabeth Warren: Let's Cancel Student Loan Debt And Make College FreeElizabeth Warren wants to cancel your student loan debt and make college tuition-free. Here's what you need to know:
Weiterlesen »

The unconventional way this man paid off $70,000 in student loans in 1 yearThe unconventional way this man paid off $70,000 in student loans in 1 yearThe unconventional way this man paid off $70,000 in student loans in 1 year. via CNBCMakeIt
Weiterlesen »

Elizabeth Warren: Let's Cancel Student Loan Debt And Make College FreeElizabeth Warren: Let's Cancel Student Loan Debt And Make College FreeElizabeth Warren proposes a transformational plan for student loan forgiveness and free college.
Weiterlesen »



Render Time: 2025-03-10 22:12:48