little buddy asked:
I paid off my entire defaulted student loan at the beginning of this month. I even received a paid in full letter. But today I just got a letter from the IRS that my $600 was applied to that loan by offset!! Apparently there wasn’t enough time between when I paid off the loan and then getting my rebate. I just tried to call the Missouri Department of Education, which my loan is through, but they are closed for the day. Does anyone know if I can get my $600 back???
I paid off my entire defaulted student loan at the beginning of this month. I even received a paid in full letter. But today I just got a letter from the IRS that my $600 was applied to that loan by offset!! Apparently there wasn’t enough time between when I paid off the loan and then getting my rebate. I just tried to call the Missouri Department of Education, which my loan is through, but they are closed for the day. Does anyone know if I can get my $600 back???
You are going to have to contact FMS, or the Financial Management Service. They are the ones that actually collected the money from your tax rebate. (800) 304-3107 If you can provide proof to them, they should be able to get your money back to you, if they haven’t already forwarded the money to the State of Missouri
You’ll get your money eventually, but it will take awhile to sort out the paperwork. Try your call again tomorrow.