How to Stop Having Wages Garnished to Repay a Student Loan

Video Transcript

"Hello, I'm Cherie Ashwood. I'm a guidance counselor, and today I'm going to tell you how to stop having wages garnished to repay a student loan. If you're at a point where you're having your wages garnished for failure to repay a student loan, this means that you have avoided any contact with the lender, and that their hands are tied. At this point, they require your employer, there's a legal action against your employer to forward fifteen percent of your income before they even give it to you, to the lender in order to repay your debt. In order to stop having your wages garnished, you must make contact with the lender, and make an arrangement. You have to make six consecutive monthly payments of an approved amount. And you cannot lump the payments together. They give you a dollar amount, for example, two thousand dollars, you cannot send them two thousand dollars. You have to have that history of making the payments, and making the payments on time. And then at that point, they may consider ceasing your wage garnishment. I'm Cherie Ashwood, I'm a guidance counselor, and I hope this works out for you."