Student Loan Solutions

Student Loan Tax Deduction to Save Money

Student Loan Tax Deduction to Save Money

It is no surprise that student loans are a major source of money. Many borrowers are focused on repayment options and loan forgiveness, but there are tax deduction opportunities that offer great benefits. You can qualify for a $2,500 tax deduction on student loans due to educational expenses. First, make sure you check your eligibility. This guide …

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Transferring Student Loans

Transferring Student Loans: Can You Give Your Loans Away?

You are almost certain to be paying student loans. You might wonder if transferring a student loan to another person might be a better option. You can’t give away your student loans. Because you signed the loan agreement, you are responsible for repaying the debt. However, there is a way around it for many: student loan refinancing. …

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Income-Driven-Repayment-Plan

13 FAQs for Income-Driven Repayment Plan

You may have been advised to enroll in the Income-Driven Repayment option if you are experiencing financial difficulties. In times of economic hardship, this repayment plan is often preferred over other options, such as forbearance. Particularly, people were more likely to struggle with repayment during the COVID-19 epidemic. The Income-Driven Repayment Plan was, therefore, more important. This …

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FedLoan Student Loan Forgiveness Programs - Will I Qualify

FedLoan Student Loan Forgiveness Programs: Will I Qualify?

FedLoan student loan forgiveness is a government program that allows borrowers of federal student loans to have their remaining loan balance forgiven after making a certain number of qualifying payments. To be eligible for Fedloan student loan forgiveness, borrowers must first complete 120 qualifying payments while enrolled in a qualifying repayment plan.  What is FedLoan …

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