Your Questions About Direct Loan Servicing

Nagesh answers:

Student loan amount that you have borrowed and will have to pay back would never have to reported on your 1040 income tax return during the 2013 tax filing season ever at all. In your future when you do start paying the loan amount back along with the INTEREST that they will be charging you and collecting from you when you do start paying the loan back will be used on your 1040 income return page 1 line is the adjustment of income section at the bottom and will end up reducing your TOTAL income from line 22 to your AGI adjusted gross income amount on the line 37 of the FIT 1040 return.
W-2 form Box FIT $$ amount that you would be able to use as a TAX CREDIT amount on the correct line of your 1040EZ form during the 2013 tax filing season as your possible REFUND amount that you MIGHT be able to qualify to receive during the 2013 tax filing season.
In addition to traditional face-to-face tax preparation, the IRS is offering a self-assistance service at many VITA and TCE locations. If individuals have a simple tax return and need a little help or do not have access to a computer, they can visit one of the participating tax preparation sites and an IRS-certified volunteer will guide them through the process.
Find a VITA Site Near You
There are thousands of VITA sites located across the country. You may find a site near you between January and April using the VITA Locator Tool or call 1-800-906-9887.
Find a TCE or AARP Tax-Aide Site Near You
A majority of the TCE sites are operated by the AARP Foundation’s Tax Aide Program. To locate the nearest TCE site or AARP Tax-Aide site between January and April use the AARP Site Locator Tool or call 888-227-7669.
Note: Majority of the VITA and TCE sites are open annually from late January/early February to April 15. During this time, you can locate a site near you using the above locator tools.
Items you need to bring
To have your tax return(s) prepared at a VITA or TCE site you need to bring the following information with you:
• Proof of identification – Picture ID
• Social Security Cards for you, your spouse and dependents or a Social Security Number verification letter issued by the Social Security Administration or
• Individual Taxpayer Identification Number (ITIN) assignment letter for you, your spouse and dependents
• Proof of foreign status, if applying for an ITIN
• Birth dates for you, your spouse and dependents on the tax return
• Wage and earning statement(s) Form W-2, W-2G, 1099-R, 1099-Misc from all employers
• Interest and dividend statements from banks (Forms 1099)
• A copy of last year’s federal and state returns if available
• Proof of bank account routing numbers and account numbers for Direct Deposit, such as a blank check
• Total paid for daycare provider and the daycare provider’s tax identifying number (the provider’s Social Security Number or the provider’s business Employer Identification Number) if appropriate
• To file taxes electronically on a married-filing-joint tax return, both spouses must be present to sign the required forms.
It is extremely important that each person use the correct Social Security Number. The most accurate information is usually located on your original Social Security card. If you do not have an SSN for you or a dependent, you should complete Form SS-5, Social Security Number Application. This form should be submitted to the nearest Social Security Administration Office. If you or your dependent is not eligible to get a Social Security Number, you may need an Individual Taxpayer Identification Number (ITIN).
Hope that you find the above enclosed information useful. 02/02/2013

Nagesh answers:

Access the Direct Loan Servicing Online Web site to obtain information.

You cannot ignore the problem.
The government can garnish your wages. If you are a professional they can prevent you from renewing you license whether a teacher, doctor, or engineer.
Thus you will earn no money to pay them

My payment was lowed by $200 when I consolidated .

Nagesh answers:

Registration is the law.

Even if not tried, a man who fails to register with Selective Service before turning age 26 may find that some doors are permanently closed. Such as federal student loans or grant programs such as Pell Grants, College Work Study, Guaranteed Student/Plus Loans, and National Direct Student Loans.

A man must be registered to be eligible for jobs in the Executive Branch of the Federal government and the U.S. Postal Service. If you don’t register, you can not apply for these type of jobs.

Any kind of federal job training will be denied to you.

Also many states will also not give you state jobs (employment), state assistance for money/medical or state loans for education. Http://www.sss.gov/fsstateleg.htm

And of course one can always face up to five years in jail or a fine up to $250,000 if convicted of not registering.
Http://www.usajobs.gov/EI60.asp

Nagesh answers:

Financial Management Services directs the State and Federal Goverments to hold your refunds and submit them to FMS for past due State and Federal Obligations. To find out if your refund will be offset call FMS @ 1-800-304-3107

Nagesh answers:

If your loans are Direct Loans you can use the previous poster’s listed website. However if you have loans that are from other lenders you might find more information at www.nslds.ed.gov, which is the National Student Loan Database, where you can look up any loans that you do have. Many of the lenders have websites or emails addresses listed for quick contact, along with mailing addresses and phone numbers. Once you know your lender you can use their websites to gain even more additional information on your loans.

You will need your Dept of ED PIN to look up loan status. If you cannot find your PIN, you can request a duplicate at www.pin.ed.gov.