Student Loan Tax Offset 2024. The government won't be garnishing tax refunds, social security checks or seizing workers' wages to collect on defaulted student loans until at least 2025 as part of. If you don’t pay your federal student loans and are in loan default you could be in some real trouble.
But there are a number of issues borrowers should consider before filing taxes in 2024. Under the reforms, the salary threshold at which students start paying back their loans will be cut from £27,295 to £25,000 for students enrolling from september.