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In the past, you could deduct college expenses using the Tuition and Fees Deduction. But this deduction was phased out in 2020, and instead there are several college credits that have expanded.
Millennials, the generation born between 1981 and 1996, are navigating an intricate financial landscape these days. Millennials face the reality of student loan payments and higher home costs than...
During that time, they would have shelled out just over an inflation-adjusted $52,000 for tuition, fees, room and board at the average four-year public university or $135,000 for a private college ...
A college cost calculator, in the United States, is an online tool allowing students and their parents to calculate how much college is likely to cost. [ 1 ] [ 2 ] Numbers are input into the online calculator, and if done properly, it gives an estimate of the likely expenses for that student attending that particular college.
A 2022 ConsumerAffairs survey found that the number one financial regret boomers, Gen Xers and millennials all share is not becoming financially literate when they were younger. Considering how ...
Four years after graduation, black college graduates have, on average, nearly twice as much student debt as their white counterparts and are three times more likely to be behind on payments. This financial undertow is captured in one staggering statistic: Every extra dollar of income earned by a middle-class white family generates $5.19 in new ...
The good news is that you can at least deduct interest payments from your gross income — up to a point. The federal government lets students with debt write off $2,500 in interest payments annually.
Tuition for the typical public four-year college was roughly $22,000 annually during the 2022-23 academic year, while private nonprofit four-year colleges cost $53,000 per year, according to the ...