Wondering Where Your Tax Refund Might Be? Check Your Student Loan Debt
By now millions of taxpayers have already filed their returns and have received their refunds. Still, there are others who are waiting for that check to show up in their account. For some, that wait can be very difficult and even cause a little anxiety. In most cases, there’s no need to worry. Just give it enough time and the IRS should be sending your refund soon. On the other hand, for some people who owe money on their student loans, the news might not be so good.
Several taxpayers are discovering this year that the refund they were expecting to get has instead been allocated for something else: to pay off their student loan debt. While this may come as a surprise to many, the law allows the Department of Education to take your tax refund if your student loan debt is in default. They can do this by using the Treasury Offset Program, which allows federal payments you would have otherwise received, to be taken and used to pay off debts to federal agencies.
However, according to the law, anyone who has a loan in default should first receive a warning that his or her tax refund could be used for paying down that student loan debt. In addition, if you do lose part or all of your refund, you can contest the decision. However, in order to win your protest essentially you have to prove that your student loan is not actually in default.
From the Streets to Self-Reliance
How Joseph Grenny’s Other Side Village Is Rewriting the Homelessness Playbook A 2 a.m. Alarm and a Box of World-Class Doughnuts At two o’clock each morning in downtown Salt Lake City, former rough-sleepers slip into spotless aprons, fire up industrial mixers, and begin turning out pillowy brioche rings glazed with passion-fruit icing and drizzled…
Building a Legacy: A Fireside Chat with Martin Luther King III
In a thought-provoking fireside chat at our Legacy Builder’s Conference, Martin Luther King III shared profound insights on the concept of legacy, leadership, and the moral imperatives facing society today. Speaking with Alan Olsen, he reflected on his father’s enduring impact and his own efforts to carry forward that mission in today’s world. Defining His…
Turning Ordinary Lives into Living Legacies
“There was a measurable connection between how well they knew their family stories and how successful they were.” — Kasia Flanagan, founder of Everyday Legacies When historian‑turned‑biographer Kasia Flanagan examined the lives of mixed‑race German‑Samoan descendants for her PhD, she expected to chart migration patterns and cultural shifts. What she didn’t expect was the data point that changed her career:…
Roy Moëd on Turning Memories Into Masterpieces
“There are two dates: you’re born and you die — but it’s the dash in between that tells your story.”– Roy Moëd In an age of scrolling feeds and vanishing digital memories, Roy Moëd is championing something different — something timeless. Through his company LifeBook Memoirs, he’s helping individuals turn their life stories into beautifully…