Stopping a Tax Offset for a Defaulted Federal Student Loan Federal student loans are guaranteed by the US government and administered by the Department of Education. When a borrower defaults on the loan, the Department of Education may refer the loan to the Department of the Treasury for collection. The Treasury issues your tax refund [...]

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – The rate at which graduates defaulted on repaying their student loans hit 7 percent in 2008, up from 6.7 percent in 2007. The news indicates out-of-work students are still struggling to repay loan during the economic crisis, according to the U.S. [...]