Will Student Loans Take My Tax Refund 2025. Can Student Loans Take My Tax Refund? NerdWallet Can tax refund offsets be applied to both federal and private student loans? Many Americans feel the need to turn to private and federal student loans due to the high cost of bachelor's degree programs, different life circumstances, or the lack of knowledge on how to save for college.Notably, tax refund offsets can be applied only to federal student loans and not to private student loans. Your account is considered in default if you haven't made a payment on your federal student loans in 270 days
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If your student loans are in forbearance, the government cannot take your tax refund As of January 2025, the Department of Education (DOE) has temporarily suspended tax refund offsets for defaulted federal student loans
Can Student Loans Take My Tax Refund? NerdWallet
Could your student loans cause you to see your tax refund garnished? According to data from the Department of Education, around seven million borrowers have defaulted on their student loans Student loans can take your tax return if your loans are federal and in default Tax refund offsets only happen when federal student loans are in default, which occurs after 270 days of missed payments
Student Refund Check 2025 Brandon Rutherford. Now that student loans are back in repayment, your tax refund could be seized if you're behind on your student loans. The COVID-19-era student loan repayment pause has officially ended, which means student borrowers with federal loans in default may be at risk of having their 2025 tax refund seized
Will Student Loans Take My Tax Refund for 2025?. It also paused collections on past payments due from accounts that were in default Tax refund offsets only happen when federal student loans are in default, which occurs after 270 days of missed payments