Misconceptions about student loan Supreme Court: The student loan debt crisis has been making headlines recently as the total outstanding student loan debt in the United States surpassed $1.7 trillion. With rising tuition costs and increased enrollment in higher education, student loan debt has skyrocketed over the past decade. In June 2022, the Biden administration announced a…
Student loan interest 1098-E form: Paying back student loans can be a hassle, especially with the interest that accrues on top of your original loan balance. But did you know you could deduct some of that interest on your taxes? The Student Loan Interest Deduction allows you to reduce your taxable income by up to…
Student Loan Interest Deduction Phase Out: You may be familiar with the student loan interest deduction if you have student loans. This tax deduction allows you to deduct up to $2,500 of the interest paid on your student loans yearly. However, income limits, known as phaseouts, can reduce or eliminate your ability to claim this…
So you’ve graduated from college with $20,000 in student loan debt. Don’t panic – you’re not alone. Over 43 million Americans have student loan debt, with the average borrower owing around $39,000. While $20,000 may seem like a lot, it’s manageable with the right repayment strategy. This guide will provide expert tips and advice for…
Filing your tax returns can be complicated enough without adding student loans. They may seem like two separate financial matters, but they often intersect in ways that can significantly impact your financial life. As a student loan borrower, you may question how your loans impact your taxes and vice versa. This guide will walk you…
Paying back student loans can be a huge financial burden for many people, especially if you don’t know your loan interest deduction income limits. The interest that accumulates on student loans can add up over time. Luckily, a tax deduction allows you to deduct up to $2,500 of the interest you pay on student loans…
Student loans can be confusing, so getting quotes for your student loan is advisable. When weighing your options for paying for college, it’s important to understand the different types of loans, interest rates, and repayment plans available. Getting student loan quotes is the first step to making an informed decision. This we’ll article provides an…
You’re finally graduating from college, ready to start your career and adult life. But along with the diploma comes a harsh reality – student loan debt, and lots of it. The average college graduate in 2023 has around $30,000 in student loans. That’s certainly not pocket change, and paying back those loans can feel like…
Student loans can be an important way to help finance your education, but it’s critical to understand the loan interest rates and terms before taking them out. With rising rates, you’ll want to evaluate all your options carefully. This comprehensive guide will provide everything you need about current student loan rates. We will also examine…
What can you do if you wish to get student loans, but your credit is bad, and you have no co-signer? Getting through college today can be extremely expensive. Tuition rates continue to rise each year, causing the cost of higher education to be out of reach for many students. On top of tuition, there…