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We Let You Know About Consequences of Education Loan Default

We Let You Know About Consequences of Education Loan Default

Standard can have a few immediate negative consequences and a lasting negative impact on your monetary future.

You might have as much as 15 % of the income that is disposable garnished or withheld, from your own paycheck each pay duration which will make re re re payments on your own education loan financial obligation. You could have up to 25 percent of your disposable income garnished if you have multiple loans held by multiple guarantors or the US Department of Education (ED. Within the state of Texas, your boss may charge a processing that is administrative as high as ten dollars per Administrative Wage Garnishment deal.