Student Loan Collections Are Back. What Borrowers With Heavy Student Debt Need to Know Now.

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For several years, student loan borrowers lived in a holding pattern. Payments were paused. Collections slowed. Consequences felt distant. That pause is ending. As reported by CNBC, federal agencies have resumed collection efforts on defaulted…

Exploring Tax Opportunities to Pay Off Student Loans

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Article Highlights: Qualified Tuition Plans Employer Payments Paying Principal vs. Interest Public Service Loan Forgiveness Income-Driven Repayment Plans State-Level Programs Death or Disability Forgiveness Paying off…

College Planning Doesn’t Have to Be Overwhelming

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The cost of college is enough to make any parent’s stomach flip. Tuition, room, board, fees—it adds up fast. But here’s what most families don’t realize: you don’t have to shoulder it all on your own. There are multiple funding…

May 5th Resumption of Federal Student Loan Collections

Article Highlights: Historical Pause in Collections Current Debt Situation Mechanisms of Collection Communication and Engagement Efforts Support and Resources for Borrowers Enhanced Income-Driven Repayment (IDR) Process …

How Does Education Impact Your Taxes?

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The kids are back in school! Things like student loans, scholarships, and fellowship grants can play a role in parents’ and college students’ tax liability. Let’s look at how education costs can impact your taxes. Student Loan Forgiveness Student…

Tax Implications of Student Loan Forgiveness

Article Highlights: Background Court Battle Forgiveness Under Income-Driven Repayment (IDR) Plans Debt Relief Income American Rescue Plan Act General Welfare Exception Insolvent Taxpayer Exclusion Employer-Provided…

Will You Benefit from Biden’s Student Loan Relief?

Article Highlights:  Relief Amounts Income Limitations  Dependents of Another Pell Grant Recipients Repayment Pause Monthly Payment Reduction  Cancellation of Debt Income On August 24, President Biden announced…

Student Loan Debt: Paying and Avoiding It, Plus Tax Benefits

Article Highlights: Tax Advantaged Repayment of Student Loans Employer Provided Educational Assistance Qualified Tuition Programs The Deductibility of Student Loan Interest Student Loans Forgiven in 2021 through 2025 Avoiding…
What You Need to Know about Student Loan Interest

What You Need to Know about Student Loan Interest

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If you are considering borrowing funds to finance your college education or that of your spouse or children, it is important that you understand that the student loan interest deduction is not limited to the interest paid on government student…