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Tax Law (Questions About Taxes)/You may not be able to help, but...


I have a question...

I defaulted on a private student loan in April-ish of 2013.

For a while, they called and threatened me and tried to guilt me into giving them $42000. (after the default it increased in amount for some reason?)

Eventually they stopped. I haven't received letters, nor emails, nor phone calls in over 8 months.

How do I know if they will take my income tax? Will I know before I file? Will I know after I file?

I've been working a min wage job since I got out of college, I don't bring home but about $9k/yr (net)

So my income taxes are usually not very much anyway. Maybe $500.

If you don't know, who can I ask?


Thanks for your question.

The amount likely increased because they added the accrued interest to the amount owed.

You will probably not get any notice, merely a notice that the amount of your refund has been adjusted.  However, if your loan is not a federal student loan the lender cannot normally attach your refund.  They can garnish wages and attach your bank account, or take other action, depending on state law.

Hope this helps.

John Stancil, CPA

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John Stancil, CPA


I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I am Professor Emeritus at Florida Southern College. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a CPA practice, specializing in tax, for over 35 years. I am a member of the National Association of Tax Professionals, The Florida Insititute of CPA's, The NCPE Fellowship. In addition I am a Certified Mentor for SCORE. Visit my website at I also offer seminars and consultations to churches and clergy on their tax issues at Also visit my blog, I am listed on Tax Connections at Prepare and file your own taxes at


I hold a doctorate in Accounting, and am a CPA. My certifications of CIA, CFM, and CMA are inactive. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I have operated a CPA firm for over 37 years and have taught accounting and tax at the college level for over 35 years.

FICPA, NATP, NCPE Fellowship, Lakeland Business Leaders

The CPA Journal, Florida CPA Today, Green Consumer, Green Business, Global Sustainability as a Business Imperative, Palmetto Review, NATP TaxPro Quarterly, Mustang Journal of Finance and Accounting.

DBA University of Memphis MBA University of Georgia BS in Accounting Mars Hill University

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