I have a student loan that has been in wage garnishment for about a year and a half. I am trying to buy a home, and I can't complete the process until my loan is out of garnishment. the real estate agent told me to get loan consolidation to get the loan out of garnishment status, but the consolidation company won't consolidate a loan in garnishment status. Is there a way to get the loan out of garnishment so that the consolidation company can consolidate it, or is there a consolidation company out there that will consolidate a student loan that is in wage garnishment?

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You can rehab it by making payments over and above the garnishment....that will take 9-10 months.

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so let the garnishment continue and make a seperate payment myself? How much should my payment be and to who should I send it?

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You will need to set that up with the CA or guarantor who is garnishing you. It will be a set amount.

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If this extra payment option is legit, why have I never been offered this option?

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It is not a matter of "if" it is legit....it is legit....it is part of the higher education act and is on the Department of Education website.

Have you ever called them to ask? Did you respond to the pre garnishment notice? Most people dont call once being garnished to find other solutions. Since they had to resort to an involuntary payment, they dont call to offer you options.

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