You'll need to sign in or create an account to connect with an expert.
That depends on what you mean by "closed." If the debt is completely written off and the lender issues you a 1099-C for the canceled debt, they are not allowed to make further collection efforts. However, if the Dept of Ed has an open case against you and has a court judgment or debt on file for you, they can offset your refunds for as many years as it takes to get the loan paid off.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
sjacobs6
Level 2
blebrun1
New Member
blebrun1
New Member
Wedding5500
Level 3
kakunara
Returning Member