A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...
The College Investor on MSN
Student Loan Tax Cliff Nears: Key Deadline Ahead
Key Points ・The federal tax exemption for income-driven repayment (IDR) student loan forgiveness expires after December 31, ...
Did you pay interest on your student loans last year? If so, you might qualify for the student loan interest deduction — a simple way to reduce your tax bill by up to $2,500, even if you don’t itemize ...
Borrowers who believe they are receiving federal student-loan forgiveness could face tax liabilities of up to $70,000 or more ...
Since President Donald Trump took office in January 2025, sweeping changes have been made to federal student debt relief ...
Paying off your loans early might save you money.
Student loan borrowers will see interest start accruing on their loans again. One estimate shows that borrowers could pay an additional $300 a month in interest. Last year, people enrolled in student ...
Starting next school year, graduate students will no longer have access to Grad PLUS loans, forcing many to seek alternative financing options.
Using a personal loan to pay off student loans might seem like a viable option for reducing interest rates or consolidating debt. However, there are several factors to consider before proceeding with ...
A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...
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