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    Defaulting on federal government student loans can cost a fortune for not being responsible. Collection fees will be charged to you; collection agencies charge the Department of Education a commission, which in turn is passed on to you. Your tax refund will be intercepted, in other words the IRS can intercept any income tax refund you may be entitled to until your student loans are paid in full.

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    llection fees will be charged to you; collection agencies charge the Department of Education a commission, which in turn is passed on to you. Your tax refund will be intercepted, in other words the IRS can intercept any income tax refund you may be entitled to until your student loans are paid in full.

    The Department of Education collects hundreds of millions of dollars th

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    commission, which in turn is passed on to you. Your tax refund will be intercepted, in other words the IRS can intercept any income tax refund you may be entitled to until your student loans are paid in full.

    The Department of Education collects hundreds of millions of dollars th

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    ds the IRS can intercept any income tax refund you may be entitled to until your student loans are paid in full.

    The Department of Education collects hundreds of millions of dollars th

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    The Department of Education collects hundreds of millions of dollars this way from defaulted government student loans; this is one of the most popular methods of collecting on defaulted loans. The guaranty agency holding your loans assess your account each year to verify that you have not made any payments within the previous 90 days. If no payments have been made, the guaranty agency informs the IRS that your loans are in default.

    If you are

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