Update

It has been a long time since my last post. I have good news. My new employer pays tuition! Yeah!

Can I Get Another Chance?

I want to go back to school!

Dang Recession!

I could not make my student loan rehabilitation payment this month. A representative from the program said it would work with me...I hope so.

Good News

I got a call from the loan rehabilitation company and they told me I would be eligible for pell grants in three months! yea!

Should Have Gotten It In Writing

I was told when I signed up for my student loan rehabilitation program that after my first payment that the offset on my tax return would be lifted. I was also told that I would receive a packet in the mail that outlined the program...I should have called when I didn't receive it but I naively thought it had just been delayed. When I finally did call after my first payment I was made aware that the offset would be removed after nine months of being on the program.Getting my refund at all is good news and worth being on the program, and the program has other good benefits as well, but if you decide to sign up for a program get everything in writing before you make any payments.

Show Me The Money

My first payment was made for the rehabilitation loan program I entered into. I will wait a day or two and then start checking to see when the offset is taken off of my IRS account

Have You Ever Seen a Grown Woman Cry?

I can't say it was a total surprise; I knew I had defaulted on my student loan but when I called and found out my income tax refund would be offset it really hurt my feelings. Income tax refunds can be offset to repay federal debts such as student loans, child support etc. The number you can call to find out if your income tax refund will be offset is 1- 800–304–3107. After finding out my income tax refund was scheduled to be offset I used wisdom and did not file right away in order to find a way to still get my refund. I entered into a student loan rehabilitation program it was $400.00 down and $314 a month and after my first payment they said they would remove the offset from my IRS account. I know that $400 down and $314 is steep but it sure beats the alternative (no income tax and the holder of the loan can have payments deducted from your pay check). I had about two weeks to come up with the down payment and then another month before my first payment. After six months I will be eligible to receive financial aid and I can defer my loan if needed. My income tax is more than enough to pay for six months of payments so it was well worth it to me. I have wanted to return to school for my masters along time now too.