Department education consolidating student loans
In wage garnishment, creditors will contact your employer and legally require them to give part of your earnings to pay off your debts.
There is another type of garnishment called non-wage garnishment, also known as a bank levy, in which creditors tap into your bank account.
Wage garnishment is usually the last option for a collector who has contacted you for months in order to receive payment.
For loans under the Federal Perkins Loan Program, then you may default if you don’t make any scheduled payment by the due date.The hearing is your opportunity to state that either you don’t owe the debt, it has exceeded the statute of limitations, or that you want a deal.