Can i reduce my student loan dept that is now being taken out via wage garnishment?

student loan was 3K in '94 and today after being sold to one bank or another is not at 30K and the money is being garnished from my wages currently at 15%

Can i reduce my student loan dept that is now being taken out via wage garnishment?

I would try speaking to the original lender and then following the loan from lender to lender to see if they would agree to a payoff or something...I had the same problem, the interest eats you alive. Good luck.

Can i reduce my student loan dept that is now being taken out via wage garnishment?

You must have defaulted on your loan and they are going to keep taking it until it's paid off.

I'm confused, do you owe $30,000 or $3,000?

Can i reduce my student loan dept that is now being taken out via wage garnishment?

If you are experiencing wage garnishment because of stuent loans, this means you have been late a few times or have defaulted or close to defaulting. You should contact your lendors or loan servicers for what options that you have available. Loan consolidation is an option or you can look into programs that will help you pay off your loans. I know that if you teach special education for 5 years in a low income school, then the federal government will forgive up to $17,500 of your loans.

Can i reduce my student loan dept that is now being taken out via wage garnishment?

Sure you can lower it...but if your at 30,000 dollers in debt with your student loans you need to set aside prolly another 5-15% extra from your paycheck to go to that...Garnishing your wages for debt collection is going to hurt your credit score. So try to pay that off soon! set up a plan where you can get it pay'd off in 3-4 years...30% a paycheck...You'll have it pay'd off sooner!

Can i reduce my student loan dept that is now being taken out via wage garnishment?

I know that in Canada a government student loan cannot be discharged and/or reduced even through bankruptcy. I know you said it was a bank that you received your loan from, but was any portion of the loan subsidized by the government? Since a Garnishment of Wages Order has already been approved and put in place against you, my recommendation to you is to seek advice from a Credit %26amp; Debt Counselling Service. They will be able to answer all of your questions, negotiate on your behalf, and possibly provide some solution. Good Luck!

Can i reduce my student loan dept that is now being taken out via wage garnishment?

This is the result of your irresponsible habit. You should've paid 3K back in '94, but you didn't. They gave you many options, they sent you many letters trying to negociate, they also have called you many times, but you chose to run. I'm sure you've learn that you can run but you cannot hide from the Government.

Can i reduce my student loan dept that is now being taken out via wage garnishment?

Are you sure you've ever been a student? How did you get accepted?

Can i reduce my student loan dept that is now being taken out via wage garnishment?

I definately recommend http://www.consolidation-fixed-loan-rate... They have a lot of good resources.