As the White House’s student loan forgiveness program faces ongoing legal battles, refund checks are being sent to borrowers who made student loan payments during the COVID-19 pandemic. The checks come after the CARES Act paused payments for federal student loan borrowers during the COVID-19 p...
STUDENT LOAN REFUND CHECKS ON THEIR WAY TO MILLIONS: HERE'S WHAT TO DO IF YOU DON'T BENEFIT Have a finance-related question, but don't know who to ask?Email The Credible Money Expert atand your question might be answered by Credible in our Money Expert column....
STUDENT LOAN REFUND CHECKS ON THEIR WAY TO MILLIONS: HERE'S WHAT TO DO IF YOU DON'T BENEFIT Student loan forgiveness is still blocked The Biden administration extended the federal student loan payment pause through the middle of next year because its student loan forgiveness plan is still blocke...
If you have private student loans, unfortunately, federal relief doesn't apply to you. If you're looking to lower monthly payments and ease the burden of student loan debt, consider refinancing your student loans.Lock in some of the lowest interest rates ever via the online marketplace Credibl...
IDR forgiveness checks in at number two in our rankings because all federal borrowers it is accessible to all federal loan borrowers without restrictions on the amount of debt that can be forgiven. Eligibility doesn’t depend on the borrower’s specific job or require the borrower to suffer extr...
Discusses changes to the Stafford student loan, formerly called the Guaranteed Student Loan. Under the Higher Education Reauthorization Act of 1992, banks are required to rebate the difference between the interest you pay and the prevailing rate. Mostly applied to the principal, shortening the term ...
Payments made via wage garnishment, which is when an employer is required to withhold some of your wages and send them as direct payments to the loan holder, or by Treasury offset –which is when the government seizes part or all of your federal income tax refund – ...
When you use student loan funds to finance your education, if you are eligible, the IRS allows you to claim qualifying expenses that you pay with those funds towards educational tax credits. A tax deduction is also available for the interest payments you
In addition, parents may be eligible to take out a federal Parent PLUS loan to help you pay for school. If you're a graduate student at a participating school, you may qualify to borrow a direct unsubsidized loan and/or a Grad PLUS loan. T...
to help you figure out if you’re eligible. Even if you think that you might not qualify for the deduction, it’s worth checking. The student loan interest deduction could potentially save you hundreds of dollars on your tax obligation by lowering your tax bill or boosting your tax refund....