Taking out a student loan is a common necessity for most young people going to a college or university. It is often the first time they take out a loan and are approved without having to show an ability to pay it back. Collateral is not required for these kinds of loans. The loan is backed by the government and is made in good faith as well as having a distinct ability to follow anyone for the rest of their lives and possibly garnish wages.
If loans were taken out and things did not work out as well as hoped, a possibility exists that the loans go delinquent. In this case the government backed loan holder will try to get payment by garnishing wages.
When a writ of garnishment is received, a smart thing to do is to contact the party who sent it and see if a payment plan can be worked out. This is possible although not guaranteed.
An attempt to reverse the garnishment is not common, but it is possible. Filing a “Claim of Exemption” form in the court that issued the garnishment is the step to take for this action.
The best route to take is to pay the garnishment off. Once the process is started, it must be resolved one way or another and if the money is available, simply pay it off and the garnishment will be stopped.
Another option is to allow the garnishment to run its course. It will continue until the full amount of the loan is paid off. This may be a hardship for the course of the payment process but will be complete one fine day.
When paying on any such loan or bill of any kind for that matter, always keep documentation of payments made. Make sure your records agree with the records of the party collecting the money. Ask for a payoff amount from time to time to compare records. When the bill is paid off, be sure to get a written receipt that the loan is paid in full.