Education has become less affordable in recent years, leading many to take out student loans. Unfortunately, new borrowers often find it challenging to navigate the
Read MoreTag: student loan debt
Everything You Need To Know About Student Loan Repayment And Student Loan Debt
Student loan debt is simply a part of college life now. With college tuition skyrocketing as wages stagnate, more and more people are turning to
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IRS Offers Guidance On Tax Treatment Of Discharged Student Loans
The Internal Revenue Service (IRS) has issued guidance for some taxpayers who took out federal or private student loans to finance attendance at a nonprofit
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Sanders, Warren Both Propose To Wipe Out Student Debt With Tax Dollars
Presidential hopeful Sen. Bernie Sanders (I-VT) has introduced a plan to cancel all U.S. student loan debt. The debt, which currently totals $1.6 trillion, affects
Read MoreBack To School Myths: The Student Loan Interest Deduction Is Gone
As students from elementary age to grad level across the country head back to school this month, parents are grappling with how to pay tuition,
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Back To School: Deducting Student Loan Interest (Even When You Don't Pay It)
As the cost of a college education continues to climb, more and more students are taking on student debt. Collectively, as a country, we currently owe nearly $1.4 trillion in student loans. That balance is growing at a rate of $2,726.27 every second. Fortunately, there’s a tax break available to help ease some of the pain of paying it back.
Read MoreBill Would Exempt Student Loan Forgiveness From Tax
As student loan debt continues to grow, Senators Bob Menendez (D-NJ) and Elizabeth Warren (D-MA) have introduced the Student Loan Tax Relief Act which would exempt discharged student loans from being taxed as income.
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Can You Be Arrested For Not Paying Your Student Loans?
What happens when you can’t pay your student loan debt? Here’s what can happen if you can’t pay (and how to avoid it in the first place).
Read MoreBack To School: Deducting Interest Paid On Student Loans (Even If You Don’t Pay The Loans)
It’s Back To School Week on the blog! All week long, I’ll be answering your questions about school and tax – complete with fun giveaways. Next up: what about all that student loan debt? Can you get a tax break for paying it down?
Read MoreAmericans Replace Student Loan Payments With Tax Bills
Americans now owe an astonishing $956 billion in student loan debt. The rate of student loan debt outpaced inflation last year – and keeps climbing.
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