Earned Income Tax Credits Seized from Struggling Student Loan Borrowers
January 22, 2018
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Defaulted student loan borrowers planning to file their taxes should know that any refund they were expecting will likely wind up at the Department of Education (ED) instead of their bank account. Tax refund offsets are one of the powerful tools the government uses to collect def
Continue Reading →Update: Stop Taking the EITC to Pay for Defaulted Student Loan
October 13, 2016
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This week, the National Consumer Law Center updated its policy brief highlighting the need to end the seizure of Earned Income Tax Credits (“EITC”) from defaulted federal student loan borrowers. As we have said in previous blog posts (here and here), seizing EITC payments
Continue Reading →Sen. Warren to Department of Education: Why Are You Seizing Money from Defrauded Corinthian Borrowers?
September 29, 2016
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This morning, U.S. Senator Elizabeth Warren sent a scathing letter to the U.S. Department of Education highlighting some troubling data about the way that the Department treated Corinthian Colleges borrowers eligible for fast track relief. The Department announced that these bor
Continue Reading →Time to Stop Taking the EITC to Pay for Defaulted Student Loan
May 17, 2016
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It has been one month since tax season came to an end. By now, many student loan borrowers have learned the hard way that the federal government will take their tax refund, including Earned Income Tax Credits (EITC), if they are in default on a federal loan. A couple of months a
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