Tag Archives: financial
About Student Loan Garnishment
What is Administrative Wage Garnishment (AWG)?
Administrative wage garnishment (A.W.G) is the process by which a Federal agency (Dept. of Education) or a third-party given authority by a Federal agency (the collection agencies) may, without first obtaining a court order, order an employer to withhold amounts from the debtors wages to satisfy a delinquent debt. Dept. of Education considers AWG to be a tool of last resort. Before using AWG, Dept of Education expect its representatives to have attempted to resolve the debt through voluntary means: attempting to secure the balance in full, an approved settlement, or installment payments that are “reasonable and affordable” based on the debtors individual financial circumstances. Some within the industry may consider this the guaranteed recovery method.
Representatives must consider whether the debtor presents a legitimate defense to the repayment of the debt(s), and whether AWG may be ineffective because the debtor is self-employed or a Federal employee, in which cases the collection agency will recommend litigation or a salary offset.
What is the purpose of AWG?
The purpose of an AWG is to recover the amounts for the Federal taxpayers without the cost of litigation fees. It was created to basically recover the unpaid debts arising from federally supported activities, which include student financial assistance.
What are the debtors rights in the AWG process?
-To be sent a notice 30 days prior to ED ordering the wage garnishment that explains EDs intention to garnish, the nature and amount of the debt obligation, and the opportunity to inspect and copy records relating to the debt, to object to garnishment to collect the debt, and to avoid garnishment by voluntary repayment on terms agreeable to ED.
-To have the opportunity to inspect and copy Department records pertaining to the debt. (A copy of the original signature left on the promissory note and a payment history)
-An opportunity to present evidence and argument and on any objection by the debtor to the existence, amount, or enforceability of the debt, and to obtain a ruling on the objection.
-An opportunity to prove that the garnishment of 15% of the debtors disposable pay would produce an extreme financial hardship.
-Having garnishment action withheld by filing a timely request for a hearing, until the hearing is completed and an adverse decision issued; Not to be discharged from employment, refused employment, or subject to disciplinary action due to the garnishment, and to seek redress in federal or state court if such action occurs; and Not to have any information provided to the employer but that which is necessary for the employer to comply with the withholding order.
-An opportunity for a hearing to present and obtain a ruling on any objection that garnishment cannot be used at this time because the debtor is now employed for fewer than 12 months after involuntary separation from the most recent prior employment.
The Use Of Non-Surgical Procedures To Reverse Ageing Caused By Stress
Stress is a feeling that everyone experiences from time to time, and this is because we are all faced with certain tasks and goals that need to be achieved in our daily lives. The most influential cause of stress is caused by the expectations that others have of us. Regardless if the individuals are your parents, teachers, employer or even your spouse and children, there is always some need of gratification that we try to attain in pleasing other people. Throughout this article a discussion regarding how stress influences the bodies ageing process shall be discussed. Furthermore the discussion will deliberate on what medical procedures an individual can follow in order to reduce the signs of ageing.
Ageing is a factor that most people try to avoid for as long as possible, however this seems to be harder to achieve in today’s day and age. The reasons why an individual’s stress and ageing correlate, is because of the pressures individuals face in their day to day lives. Although stress in not a good feeling to have, it is important that throughout an individual’s life time, they experience some forms of stress but in good moderation. This is a vital experience to have, as it allows people to prepare for future devastating events that will ultimately give them a cognitive understanding on how to handle stressful situations.
One of the inevitable effect of encountering stressful situations is the impact that it has on an individual’s ageing process. For many individuals especially for women this is an overwhelming aspect and it can over time add to the overall stress and ageing process. As a result it has become more common that we find people who approach medical practitioners to perform non-surgical procedures such as, face lifts, brow lifts, and chin enhancements. The procedures are often a lot less painful and have a lower health and disfigurement risk associated with them compared with surgical operations.
Today anyone who has the appropriate means to attain these non-surgical procedures is now able to have them done whenever they wish. There is now even medical financial institutions that will assist individuals in attain these procedures, should individuals not have the appropriate financial access. Although it is important to acknowledge that should an individual make use of medical finance institutions, they need to ensure that they are able to budget their repayments appropriately in order to remain in good financial standing.
In conclusion it can be said that because of the daily stress people have, it takes a toll on them physically. This as a result influences how people feel about themselves, and ultimately causes an individual to take drastic measures to avoid ageing.