According to a 2013 survey, nearly a third of married couples met their spouses while attending the same technical college, university or trade school. Many of those college-educated couples owe tens of thousands, perhaps even hundreds of thousands, when they combine their student loan debt. This overwhelming debt can prevent couples from obtaining mortgage loans to purchase a new home. What most newlyweds do not realize at the time of their marriage ceremony is that they are not only marrying the other person, but they are also marrying that person’s student loan debt.
Even if only one spouse took out student loans, both spouses are responsible for making the monthly payments. In the event that the payments are not made, the student loans can be declared in default. Once student loans are in default, the government has the authority to garnish wages and taxes. Paychecks may be garnished up to twenty-five percent (25%). This means the government can automatically seize a portion of a person’s paycheck and the employer pays that seized portion directly to the government instead of the individual. The government may also seize not only the borrower’s entire tax return but also that of his or her spouse in order to recover for outstanding student loan debt.
Garnishment penalties wreak havoc on not only the initial borrower, but oftentimes his or her entire family as well. Spouses rely on each other’s income to support their household. Therefore, when one spouse suddenly experiences a dramatic reduction of his or her income, their spouse likely feels the pain as well. Student Loan Law Group recognizes that borrowers and their spouses face severe struggles in avoiding garnishment and escaping default status on student loans.
Student Loan Law Group protects borrowers’ rights and the rights of their spouses. Borrowers who have received notice of default on their student loans have a short time to take action before garnishment is imposed. Once garnishment is imposed, it is extremely difficult to reverse. Borrowers who are in default or who are struggling to maintain their monthly student loan payments are encouraged to contact Student Loan Law Group today to consult with an attorney about their rights.
Rely On Student Loan Law Group To Defend You In Your Lawsuit Against National Collegiate Student Loan Trust
Released On: 12/8/2017
Views: 4491
Student Loan Law Group Defends Students In Their Lawsuit With National Collegiate Student Loan Trust
Released On: 10/13/2017
Views: 4395
Start Your Student Debt Lawsuit Defense Against National Collegiate Student Loan Trust With Student Loan Law Group
Released On: 10/10/2017
Views: 4117
Student Loan Law Group Provides Lawsuit Defense For Students Being Sued By National Collegiate Student Loan Trust
Released On: 7/10/2017
Views: 4192
Fight Your National Collegiate Student Loan Trust Lawsuit With Student Loan Defense Lawyers At National Student Aid Care
Released On: 7/8/2017
Views: 4321
Get Professional Student Loan Lawsuit Defense Against National Collegiate Student Loan Trust with Student Loan Law Group
Released On: 7/5/2017
Views: 4167
When You Are Being Sued By National Collegiate Student Loan Trust Call Student Loan Law Group
Released On: 6/28/2017
Views: 4755
Student Loan Law Group Helps Students With Past Due Student Loans Fight Their Lawsuit From National Collegiate Student Loan Trust
Released On: 9/6/2016
Views: 6978
Student Loan Law Group Helps Students Fight Their NCT Lawsuit To Avoid Default Judgements
Released On: 8/22/2016
Views: 5946
Get NCT Lawsuit Defense For Your Student Loans From Student Loan Law Group
Released On: 8/15/2016
Views: 6487
Fight Your NCT Lawsuit With Student Loan Law Group To Avoid A Default Judgement On Your Student Debt
Released On: 7/25/2016
Views: 5707
National Collegiate Trust Lawsuit Defense Provided By Student Loan Law Group
Released On: 7/11/2016
Views: 5635
Challenge Your Lawsuit Against National Collegiate Trust With Student Loan Law Group
Released On: 6/27/2016
Views: 5525
Student Loan Law Group Can Help You Fight Your Lawsuit Against National Collegiate Student Loan Trust
Released On: 6/11/2016
Views: 5334
Student Loan Law Group Will Help Defend You Against National Collegiate Student Loan Trust
Released On: 6/5/2016
Views: 5221
Fight Your National Collegiate Student Loan Trust Lawsuit With Student Loan Law Group
Released On: 5/31/2016
Views: 5529
Fight Back Against National Collegiate Trust Today With Student Loan Law Grouo
Released On: 5/5/2016
Views: 4751
Consolidate Your Student Loans Today With Student Loan Law Group And Settle Your Case Against National Collegiate Student Loan Trust
Released On: 5/4/2016
Views: 4938