To find out who your loan servicer is,
- visit your account dashboard, find the “My Aid” section, and select “View loan servicer details,” or.
- call the Federal Student Aid Information Center (FSAIC) at 1-800-433-3243.
Can student loans garnish spouse’s wages?
The answer is yes. Your student loan creditors can garnish your spouse’s wages to recover the amount of your defaulted student loan. You don’t mention whether the loan was incurred before or after marriage. Either way, the creditors can collect, but for different reasons.
What happens if I default on my federal student loan?
Don’t get discouraged if you’re in default on your federal student loan. If you failed to make your payments on your federal student loan and now are in default, don’t let the consequences of default affect your financial future. Find out how to get out of default.
Can a person be responsible for their spouses student loans?
Marrying someone with student loan debt won’t make you liable for their loans. No. Student debt that you bring into a marriage remains your debt. Let’s say you have $30,000 in federal student loans and $40,000 in private student loans when you get married. Your spouse might help pay down your debt, but you’re the only one legally responsible.
Can a spouse cosign on a federal student loan?
No. Federal student loans don’t require cosigners. (A spouse can cosign on a partner’s income-driven repayment application, but you’re not obligated to repay the loan.)
How do you rehabilitate a defaulted student loan?
Loan Rehabilitation To rehabilitate most defaulted federal student loans, you must sign an agreement to make a series of nine monthly payments over a period of 10 consecutive months. The monthly payment amount you’ll be offered will be based on your income, so it should be affordable.
