cant pay back school loans, garnish wages?

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So I went to school to be a nurse. finished school, got my license, cant get a job. Am working a min wage job because its the only one I could get. I am not making enough money to get by, I have been receiving bills to pay back my loans. There is no way I could pay back these loans right now, I can barely keep the electricity on, and have been without water for 3 weeks. If I dont pay back these loans will they eventually garnish my wages?

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Specializes in Mother-Baby, Rehab, Hospice, Memory Care.

You need to contact your lender and tell them your situation and that cannot afford pay the loans now. From what I remember in my loan exit class, you NEVER want to default on a Federal student loan. Read over your loan info and call someone ASAP.

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Specializes in Correctional Nursing, Orthopediacs.

Cannot you put those things on deferrment due to economic hardship? There has to be a way to do that if the federal government is involved. I know if it is over 25% of gross income then you can and I am sure they probably are at this point. Good luck.

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Specializes in Mother-Baby, Rehab, Hospice, Memory Care.

Yes, deferment was the word I was thinking of but couldn't remember!

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they have something called hardship or economic deferment....

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Specializes in Cardiac Care.

You can also get a forbearance which requires zero paperwork proof that the deferment would require. You can clear up your past due and be current and get a good amount of time ( I think at least 1 year) from repayment while you job hunt. Call your lender... they are there to work with you, unlike other bill collectors.

I worked in student loans for a while so I know from which I speak.

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You are more likely to get help with your problem from student loan lenders than with other creditors. Do not delay in contacting them for help.

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You should contact your lender and set up a deferment, since you are not working that is a hardship and will qualify. In addition, they can't really garnish your wages at present, since you are not working.

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You should contact your lender and set up a deferment, since you are not working that is a hardship and will qualify. In addition, they can't really garnish your wages at present, since you are not working.

The OP is working albeit a minimum wage job.

You need to contact your lender, there are many programs that can delay repayment.

You can't just ignore student loans and hope they will go away.

Yes, they can and will garnish your wages and unlike traditional creditors they do not have to serve you with notice or take you to court, when you signed your loan paperwork you also signed an agreement to be garnished and have any income tax refunds seized should you default.

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