News

KEY TAKEAWAYS The Department of Education is resuming collections on defaulted student loans, starting by garnishing federal ...
SSA resumes debt collections via Treasury Offset Program, risking tax refunds or pensions for overpayment recipients.
Those who haven't paid on their debt for nine months or more now face the harsh realities of debt collection. Here's what to ...
Trump is restarting collections on defaulted student-loan balances in two weeks. It could impact federal benefits, like ...
and the Treasury Offset Program (TOP) may collect the overdue amount by withholding funds from federal payments like tax refunds or Social Security benefits. TOP is managed by the Department of ...
The Department of Education said it will resume collections on defaulted loans in the federal student loan portfolio, which ...
Federal student loans are considered in default after nine months of non-payment. Federal tax refunds can be garnished by the U.S. Department of Education to offset delinquent loan payments.
There are several types of debt that may result in one’s tax refund being reduced or fully wiped out through the Treasury Offset Program (TOP ... with overdue federal student loan payments ...
TreasuryDirect called the "program costly," and pointed out ... And I Bonds wouldn't be issued if your federal income tax refund is offset for any reason to cover an unpaid debt owed to state ...
A program authorized through the Department of Treasury’s Bureau of the Fiscal Service (BFS) allows for the reduction of your tax refund if you owe certain debts. The Treasury Offset Program is ...
The IRS started accepting tax returns on Jan. 27 — and by the April 15 federal deadline ... When will I get my refund money? About 28% of the 11.7 million returns processed by the IRS resulted ...