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Deductions & credits
Your stimulus payment can't be offset for student loans. You will receive it whether or not you are in default on your student loans.
The Act suspends all involuntary collection of defaulted Direct Loans and Department-owned FFEL loans until September 30, 2020. This explicitly covers non-judicial wage garnishment, tax offsets, and federal benefit offset (e.g., seizure of Social Security benefits). There is also a catch-all provision to cover other types of involuntary collection by the Department of Education.
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March 31, 2020
1:41 PM