From Peggy:I was looking forward to my tax refund as it will help with bills and much needed things for the baby. It was accepted and ... now after digging around I found out they are sending it to the U.S. Dept. of Ed. for my student loans which I thought were in deferment. ...
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Many of you have questions about President Biden's plan to cancel student loans. A lot of people who still have large balances on their educational loans are thrilled at the aspect of not having to repay $10,000 in federal loans or perhaps $20,000 in Pell Grants. However, those who hav...
With interest rates doubling for student loans, I asked students about their experiences with their net-checks and tips on how not-to blow it. For college students, the impulse to spend is natural, but if left untamed it can cost you later. Kenya Strickland, a third year African American ...
You did not meet the lender’s eligibility requirements for the advance, such as a low credit score. You have debt owed to a state or federal institution, such as child support or student loans. You’ll also likely be denied if you have tax debt, in which case you can look into the...
If you want to claim your 2018 refund, keep in mind that you should file a return for 2019 and 2020, too. Otherwise, the IRS might hold onto your check until you do. Also, if you owe money for a variety of reasons—student loans, child support, unpaid federal or sta...
For Kullberg, who had several student loans at varying interest rates, that meant aggressively paying down the principal on her highest-rate debt while making minimum payments on the rest. (Notably, she alsorefinancedthe bulk of her loans.) ...
Defaulted loans will lead to offsets; not all student loans will. What types of loans are subject to offset? Child Support Part or all of your refund can be taken if you owe child support. Both federal and state governments can intercept funds for this purpose. If you have child support...
There are some caveats about potential refunds. Money could be withheld if you also have not filed your 2021 or 2022 taxes. If you owe money for child support, student loans, or back taxes, the funds will first be applied there as well. High-income earners who have not yet filed will ...
is $36,436 per student per year, according to an Education Data Initiative report. The cost has been steadily increasing for years, with an annual growth rate of 2% for the last decade. If you’re one of the many students looking to use student loans to cover college costs, visit ...