Taking out student loans is often necessary to pay for college, but you may need more credit history if you are considering a private student loan; a cosigner is usually a requirement. In this case, adding a cosigner to your loan application can help you get approved. But before you make this decision, some important … Read more
With so many student loan options available, how do you know which is best for you? A college education is an investment in your future but can be expensive. Taking out student loans is one way to help pay for school when savings, scholarships, and federal student aid like grants and work-study don’t cover all … Read more
You’re not alone if you feel overwhelmed trying to track or lookup your student loans. With different types of federal and private student loans from various lenders, it can be unclear to determine exactly how much you owe and to whom. Thankfully, there are ways to lookup all your student loans in one place. This … Read more
A student loan can be an important way for students to fund their college education, and as a student in Jamaica, there are several loans you can access. However, taking on debt is a big responsibility that requires careful consideration. This article provides an overview of student loans in Jamaica – who is eligible, how … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more