Can Salli Mae garnish my SS disability direct deposit?

Asked over 1 year ago - Winter Park, FL

What I find unfortunate is that neither of the attorneys that answered my question was able to tell me about the new Excessive Debt Title 4 exemption. This is a forbearance good for 60 mos, but one must contact the loan company every year to make sure that your status is unchanged. If you make less than $25,000/yr (which is the taxable income), do not have to pay income taxes, and are on permanent social security disability, you automatically qualify for this forbearance. Sallie Mae won't tell you this. You have to do the research yourself, but if you mention this to them, they will understand what you are talking about. The government just came out with this new type of forbearance this year and it may help someone who is living on the edge like me.

Attorney answers (2)

  1. Clint Curtis

    Contributor Level 16

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    Lawyer agrees

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    Answered . You are correct. Student loans have several options available when individuals can not afford the payments. There is a deferment for unemployment, forbearance, public service forgiveness and income based payment options. If you visit the Sallie Mae site they have a whole section devoted to the available options.

  2. Timothy Michael McFalls

    Contributor Level 5

    Answered . Generally Social Security benefits cannot be garnished. However, be sure that you do not co-mingle your benefits with other deposits on that account. If you put your benefits into an account that you put other money into, then that may make the benefits capable of being garnished. The safest thing to do is to have a separate account solely for your SSDI benefits. Good luck!

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