@Onlyme1234
Private loans cud take ur refund & stimulus $. I did call TAS & left message. I checked with TOPS & the student loan doesn't reflect as a default.
The IRS is closed so it makes it hard to get this resolved.
Student Loans
The CARES Act - the $2 trillion financial stimulus legislation signed into law by President Donald Trump - has several benefits for student loan borrowers. The latest headlines about your student loans and Coronavirus provide economic help. Let’s make sure you’re fully informed:
1. The 3 major changes (among others) under the CARES Act are:
The changes will be made retroactive to March 13, 2020 and will continue through September 30, 2020. They only apply to federal student loans (not private student loans).
2. These changes will be made automatically.
Importantly, you don’t need to contact your student loan servicer to request suspension of your student loan payments, 0% interest, or a halt to a garnishment of wages or benefits for student loan debt cancellation. For example, you can login to your student loan servicer account and check that the interest rate has been set to 0% automatically.
3. A 0% interest rate only applies to these federal student loans
To qualify, your federal student loans must be one of these:
- Defaulted and nondefaulted Direct Loans
- Defaulted and nondefaulted FFEL Program loans
- Federal Perkins Loans
Most student loan borrowers with federal student loans will qualify. Some Perkins Loans and Federal Family Education Loans (FFEL) will not count. However, you may be able to consolidate these student loans to get these student loan benefits. Contact your student loan servicer to verify which student loans you have.
4. You can get a refund for any student loan payments made since March 13, 2020.
Contact your student loan servicer to request a refund. Of course, this refund is optional. If you don’t need the funds, then you can do nothing and use that payment to reduce your student loan balance. You can also request a refund for any tax refunds, wages or Social Security benefits that were garnished since March 13, 2020 for student loan debt collection. Contact the Education Department’s Default Resolution Group at [phone number removed] (TTY for the deaf or hearing-impaired [phone number removed])
