Sallie Mae Garnishing Wages?

Q: i would like to know how long before sallie mae start going after your money


A: Best you make arrangements. You will know when a process server shows up at your house. If they win their case not only will they garnish your paychck they will also take your tax return.

equation could of dropped out but that's a bad situation if you don't pay up they'll garnish your wages sallie mae and the government ...

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Majoring in Debt, Minoring in College

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The Student Loan Swindle :: Hella Delicious Food for Health, Roots ...

I have said for a while now, that instead of bailing out the banks, student debt should be forgiven to a significant degree. The cost of education is insane. It is also crazy to put the best resources of a country into a system of debt peonage. Doing this handicaps the ability of people to come up with creative solutions to the various crisis the world is currently facing. I personally feel that our education institutions are crippling us at this point. I have learned more on my own time in libraries and online than I did when I was in college.

Interview with Professor Alan Nasser by Mike Whitney

February 8th, 2011

Mike Whitney: Is it possible to “walk away” from a student loan and declare bankruptcy?

Alan Nasser: No, it’s not possible for student debtors to escape financial devastation by declaring bankruptcy. This most fundamental of consumer protections would have been available to student debtors were it not for legislation explicitly designed to withhold a whole range of basic protections from student borrowers. I’m not talking only about bankruptcy protection, but also truth in lending requirements, statutes of limitations, refinancing rights and even state usury laws – Congress has rendered all these protections inapplicable to federally guaranteed student loans. The same legislation also gave collection agencies hitherto unimaginable powers, for example to garnish wages, tax returns, Social Security benefits and — believe it or not — disability income. Twisting the knife, legislators made the suspension of state-issued professional licenses, termination of public employment and denial of security clearances legitimate measures to enable collection companies to wring financial blood from bankrupt student-loan borrowers. Student loan debt is the most punishable of all forms of debt — most of those draconian measures are unavailable to credit card companies. (Maybe I’m being too harsh. Sallie Mae recently announced that it will after all forgive a debt under either of two conditions: in case the borrower dies or becomes totally disabled.)

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  • The Student Loan Swindle

    Dissident Voice - Feb 08, 2011

    Sallie Mae recently announced that it will after all forgive a debt under either of two conditions: in case the borrower dies or becomes totally disabled.

  • The Student Loan Swindle

    Infoshop News - Feb 06, 2011

    Sallie Mae recently announced that it will after all forgive a debt under either of two conditions: in case the borrower dies or becomes totally disabled.

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