If you are paying something rather than nothing, the chances of garnishment are very slim. Make sure that your creditor knows your plans. Keep everything documented and get the receipts after a payment is done. You should enough proof at your side if the matter reaches the court.

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No they will not garnish you if you pay monthly. Since you are not in default, you don't have to think about rehabilitation or income contingent rehabilitation, those options are only for defaulted loans. Pay what you can spare faithfully ever month and you will have nothing to worry about.

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Correct me if I'm wrong, but I had noticed in one of your previous posts about 60 days of delinquency is defaulting. I was told that defaulting is anywhere from 90 to 180 days of delinquency. Is this true?

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No

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correct me if I am wrong, but defaulting is not paying anything at all, and if you are paying something, I will not default. RIGHT?

SO, basically the worst thing is at 49,000.00 if I am not meeting the minimum payment, I will just keep getting late fees and interest added and will never pay it off.

SO, say 15 years from now, will they ever eventually come to get me and lock me up or what?

Thanks Jedi for all your help.

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I believe I already answered these questions satisfactorily. If you read this thread once over from the beginning you will have all the info you will need. I also hope you saved all the e-mail correspondence between us, they also contain all the information you requested.

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Sorry to have bothered you Jedi.

No, I did not save any of our email correspondence, and actually nothing has been spelled out for me yet as I am still looking for a straight forward answer. Mainly because I keep receiving answers with lots of open end questions.

I guess what I am looking for is an answer clearly spelled out for me such as:

IF YOU PAY SOMETHING YOU ARE NOT AND WILL NOT GO IN DEFAULT.

I can re-read this thread all day and still have my questions...I guess I just am not very smart when it comes to this and thank you for pointing that out to me.

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You didn't bother be Linda, I just didn't understand why you were still wondering, please don't take the opening line in my last post as sarcasm, I'm just pretty certain that I covered all bases. In a nutshell, as long as you pay faithfully a minimum of $50 monthly you will never encounter the word "default" and nobody in this country goes to jail over a debt.

IF YOU PAY SOMETHING YOU ARE NOT AND WILL NOT GO IN DEFAULT

is absolutely correct.

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Thank you Jedi.

I have a couple more questions for you and then I will print off this thread, so I remember.

On 49,000.00 just paying 50.00 minimum because I am not sure yet that it won't be hard for me to even come up with 50.00. What is the worst thing that could happen to me after paying say 50.00 monthly for 5 years? They won't try to garnish me or take my taxes for sending in 50.00 faithfully monthly?

Also somewhere online I read where if you pay 50.00 monthly for 15 years, that they write off the rest? Is this information true?

So, not making the minimum payment they request monthly and sending only what I can (at least 50.00) will they keep my loan or send it to collectors?

And last but not least....Is education loans more lenient to us, because of it being an education loan? or why are they so much more cooperative than credit card companies?

In all honesty, I earn 24,000.00 yearly and have a house hold of four. This is our income. I am struggling to make ends meet now and 49,000.00 dangling over my head is nerve wrecking.

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Not to mention the 20,000.00 credit card debt and my 60,000.00 mortgage on home.

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My goodness Linda you really are in a pickle. I hate to say it, but you may need a second job for yourself, and to give your husband an ultimatum. You mentioned that he works sporadically, well that is no good. Even if he has to work at Home frickin Depot so be it because he has to bring something to the table if you guys are to survive financially. How come he only works sporadically? I don't recall you mentioning why...

BTW, I'm not bashing, I just think you are severely overwhelmed.

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Well, I won't go into my personal life here...but basically I am in 49,000.00 debt with student loans. I am going to pay them what I can monthly even if it is 50.00 a month.

the 20,000.00 in credit cards are not upsetting me as of yet, because I am in a great debt settlement program that is doing wonders for me. Soon those will be settled and gone.

The 60,000.00 mortgage is not a problem either, it is set on 33 years and I have never been late on a payment.

So, basically I am just worried about having my check garnished on my student loans for not being able to pay the minimum payment they request which is 372.00 on income sensitive repayment plan.

I work 50 hours a week, with two small children, a second job is just not an option for me.

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If a second job is not an option, how about a first and second job for your husband? Just him such a kick in the ass, it really annoys me that you bring home the bacon, have all this debt, and he does squat.

$24,000 at 50 hours a week? Technically speaking that's $9-10 dollars an hour! That's pretty grim. As much as you love your job, it's not enough. I too wanted to be a counselor or psychologist, and if I remained single I may very well have been one. But I chose to marry, and had to give up that dream to realize another. When what you do in life effects others in your life, such as spouses and children, you have to give up dreams that suit singles. I traded in my liberal arts studies for business admin/marketing studies because I want an income comparable to my husband's should one of us lose a job. I'm getting there, have an interview for a marketing manager position on Monday. What I'm trying to say is, even though you love what you do it brings too little to the table. I strongly recommend going in a different direction if it means a different career that brings in more income, or a different city where there is more money, or giving you husband a good hard push. I hate to say this, but if you refuse to even consider these three options, then you are stuck in this rut for life.

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Jedi,

I love my life, or "rut" as you call it. Like I said in my previous post, my debt settlement program is going really good. I have not completed the program yet, but so far----so good.

The student loans were taken out before I married. I was out of college when I got married. My husband does not have to worry about them, he had no part of them. He should not have to worry about them, his name is not on them and he married me, not my loans.

My only is options is to: A-pay something or B-pay nothing on my student loans. You are the one that told me that if I pay something, I will not default and they would not garnish my wages. Now, you keep telling me I am in a "rut". Are you saying now that they will garnish if I am paying something? or what? I am getting mixed messages here.

The rest of my "rut" life as you call it is perfect. I am very content and so what that I will owe 49,000+ forever, as long as it don't go into default.

I have also heard that if they do garnish your wages, it is only 14% net and that is: 250.00 and that they can not take your taxes if they are garnishing. I don't know if that is true or not. Then I heard that after 15 years, they write the rest off and discharge it. I am of course insolvent at time, so I won't have to pay taxes on 49,000.00

Anyway, these are my only options.

thanks

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If you're so happy and life is so perfect then why are you always begging me for help!?

The rut I was referring to is you settling for being poor and in debt with a jobless spouse for the rest of your life. If that is what you truly want why are you inviting me into it in your quest for advice? That to me sounds like complaining about a problem, and when that is what I am confronted with then yes I am going to give my honest opinions and they won't always be pretty!

FYI, and this is very important sice you are so worried about garnishment, is is 15% gross pay and taxes are still the same, if your default you will leave that much less for your family. Maybe your husband has nothing to do with your loans, but he has a great deal to do with your household and all the expenses, him working steadily and bringing home income will free up your paycheck considerably for repaying your debts.

One more thing, there is no statue of limitation of government owed debt, this will follow you until you kick the bucket. You will be paying on this with your pension and social security which will be even less than what you make now. How "perfect" for you.

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I don't know of any other way to put this but....

did you or did you not tell me that as long as I am paying something, I will not go into default? If I am not in default, then I have nothing to worry about. As long as I am paying something, it will not default.

I hardly see this question as begging to you! I called upon you because I seemed to have thought you were one of the smartest people when it comes to student loans.

You keep referring to my husband as being jobless. Yes at times he was, but he has not been jobless in over two years. There is no need for name calling.

Do you have a link proving they take 15% gross income, because I have a link saying they can only take up to 15% of your disposable income, not gross.

Anyway, again sorry for bothering you and I will not ask anymore questions regarding this matter.

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