Sentences with phrase «losing federal payments»

[217] Such borrowers become subject to losing Federal payments and tax refunds and wage garnishment.

The court left the law largely intact, but it did rule that Congress does not have the power to force states to participate in a Medicaid expansion or lose all federal payments.

Not exact matches

Borrowers who refinance federal student loans with private lenders lose access to borrower benefits like access to income - driven repayment programs and the potential to qualify for loan forgiveness after 10, 20 or 25 years of payments.

If you have both Direct Loans and other types of federal student loans that you want to consolidate to take advantage of PSLF, it's important to understand that if you consolidate your existing Direct Loans with the other loans, you will lose credit for any qualifying PSLF payments you made on your Direct Loans before they were consolidated.

If you haven't filed a federal income tax return in the past two years, or if your current income is significantly different from the income reported on your most recent federal income tax return (for example, if you lost your job or have experienced a drop in income), alternative documentation of your income will be used to determine your eligibility and calculate your monthly payment amount.

About 600 LIRR retirees will lose their disability benefits after a federal agency voted last week to halt the payments following a sweeping investigation into what prosecutors have called a major disability fraud scheme.

Cuomo's idea to shift some state and local tax payments owed by individuals to a payroll tax paid by employers so many New Yorkers don't lose thousands of dollars under a new federal tax law is supported in concept by many tax policy experts.

Schumer says if Congress does not renew payments through the Low - Volume Hospital and Medicare - Dependent Hospital programs, Nathan Littauer Hospital will lose more than $ 1 million in federal aid.

Despite the federal cuts to the D.S.H. payments on Oct. 1, Senator Chuck Schumer has expressed optimism that such reductions could be reversed before the end of the year; if not, Mr. Cuomo says, the state's public hospitals will lose $ 1.1 billion.

ALBANY — Gov. Andrew M. Cuomo's idea to shift some state and local tax payments owed by individuals to a payroll tax paid by employers so many New Yorkers don't lose thousands of dollars under a new federal tax law is supported in concept by many tax policy experts.

If you are paying $ 500 / month in interest (as OP clarified above), and you don't have a written agreement, you are probably unable to claim that payment as mortgage interest if you itemize your deductions on U.S. federal or state tax returns, thus you may be losing out on a legal tax deduction (assuming you earn enough to itemize).

Keep in mind that when refinancing with a private lender, you lose federal borrower benefits such as access to income - driven repayment programs, forbearance, or deferment, and the potential to qualify for loan forgiveness after 10, 20 or 25 years of payments.

The rules get even more confusing, «If you have both Direct Loans and other types of federal student loans that you want to consolidate to take advantage of PSLF, it's important to understand that if you consolidate your existing Direct Loans with the other loans, you will lose credit for any qualifying PSLF payments you made on your Direct Loans before they were consolidated.»

Some have expressed reservations that, in transitioning from pensions to annuity payouts, they stand to lose the security of their payments because annuities are not secured by a federal authority like the FDIC, and will have to forgo cost - of - living adjustments.

Defaulting on your loans and continuing to not make payments can lead to wage garnishment, collections, losing your ability to receive future federal aid, and more.

If you refinance your federal loans, you not only lose out on the opportunity to apply for an income - driven repayment program, but you are then also responsible to meet the minimum monthly payment set by the lender you take your new loan out from.

If you lose your job or leave the workforce temporarily, for example, you may qualify for deferment, which allows you to postpone your federal student loan payments for a period of time.

If you're falling behind in your payments, here are a tips from the Federal Trade Commission (FTC) to avoid losing your home:

If you haven't filed a federal income tax return in the past two years, or if your current income is significantly different from the income reported on your most recent federal income tax return (for example, if you lost your job or have experienced a drop in income), alternative documentation of your income will be used to determine your eligibility and calculate your monthly payment amount.

What the bank loses, is a reputation with the «Federal Reserve», plus interest payments.

Refinancing is not for everyone — borrowers who refinance federal loans with private lenders lose borrower benefits like access to income - driven repayment plans and the potential to qualify for loan forgiveness after 10, 20, or 25 years of payments.

Remember, you'll lose any federal protections you have by refinancing your loan, so it may be a gamble if you lose your job and need to defer loan payments.

If you have a federal student loan and are using an Income Based Repayment (IBR) Plan, you may lose your IBR payment status if you file jointly.

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