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sinenigma
New Member

Irs says it might offset my refund but arent student loans put on hold

Will student loans ve taken out in 2020
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2 Replies
GiseleD
Expert Alumni

Irs says it might offset my refund but arent student loans put on hold

Student loan debt might offset your 2019 refund, but it will not offset a stimulus payment (if you are otherwise eligible for the stimulus).

 

 

Additionally, many student loan companies are suspending payments through September 2020. Please contact the administrator of your loan to see if it is participating in this suspension. 

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Carl
Level 15

Irs says it might offset my refund but arent student loans put on hold

The IRS is really not all that clearl on a student loan that is in collections for non-payment. But while it would expect it to offset your refund, I would not expect it to offset any stimulus payment you may qualify for.

 

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