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Per the IRS, when you pay interest on a qualified student loan, either through voluntary or required prepaid interest payments, you can deduct the lesser of $2,500 or the amount you actually paid ...
Federal student loan debt increased 267.1% between 2006 and 2023, according to the Education Data Initiative. In December, the House introduced legislation to increase the deduction limit to ...
The Biden administration has started rolling out a series of programs and initiatives to lighten the burden of student loans and make the repayment process more equitable and manageable. For those ...
Income-based repayment or income-driven repayment (IDR), is a student loan repayment program in the United States that regulates the amount that one needs to pay each month based on one's current income and family size.
Even though the U.S. Supreme Court struck down President Biden's proposal for student loan forgiveness, more than 43 million Americans with student loan debt could still benefit from a different,...
After an extensive hiatus, the federal government is planning to resume student loan repayments in October 2023. Additionally, student loan interest on federal student loans will resume accruing ...
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