Student Loans

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 […]

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 […]

Now that January 20 has come and gone, there’s a new Democratic administration in the White House. We don’t want to get bogged down in the politics of the transition. However, President Biden taking office has many Americans hopeful he will do something to address the staggering student debt problem the country is facing. As […]

Student debt is a major problem in America. The country collectively owes more than $1.5 trillion — yes, with a T — in outstanding student loans. It’s become a crippling problem for millions, as wages remain low and unemployment hit record highs in 2020. (Yes, part of that is pandemic related, but it’s still the […]