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Student Loan Interest Deduction: A Complete Guide Female student doing her taxes student loans Loans

Student Loan Interest Deduction: A Complete Guide

Under Internal Revenue Service (IRS) rules, taxpayers with active student loans are entitled to special deductions. These deductions apply to the interest paid on the loan in a given year. They help borrowers reduce the lifetime cost of their student loans by putting hundreds of dollars back into their pockets. However, the rules and the […]

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What Happens If You Can’t Pay Your Student Loans? Loans

What Happens If You Can’t Pay Your Student Loans?

College or university costs a ton these days. Many students find themselves taking on a great deal of student loan debt. It’s not unheard of for some students to graduate with as much as half a million dollars in student loans. Let that sink in for a second. That’s $500,000 to eventually have to pay […]

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