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Precious H asked:
How long does it take for this to be reported to the irs so that they will not take your tax refund? My husband has a defaulted student loan. Should we rehab it or try and get a hardship exemption? Which is faster? We need the money sooner than later.
Thank you!
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Tags: Defaulted Student Loan, Hardship Exemption, Irs, Loan Rehabilitation Program, Money, Rehab, Tax Refund
October 3rd, 2008 at 1:18 pm
I don’t know how long it takes, with everything that is automated now I’m surprised they don’t garnish the money from your paychecks immediately. Thank goodness they don’t. Anyway, to rehab a loan usually takes 6 to 12 months.
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