You’ve seen the headlines: like fall, student loan forgiveness is in the air (and that air certainly smells sweet). On August 24th, President Biden announced his plan for student loan forgiveness and ongoing student debt relief for current and future borrowers. While the plan details are buried in the White House brief, the magic number making headlines is $10,000—that’s how much you may … [Read more...] about Will The Student Loan Forgiveness Plan Impact You? Here’s The Inside Scoop
student loan repayment
Some married couples choose to combine all their finances. Others prefer to keep some or all of their accounts separate. But most of the time, married couples file one joint tax return. You don’t have to do it that way, but it usually means you’ll pay less taxes — though not always. Married Filing Separately tax status allows each spouse to file their own tax return and pay their own taxes based … [Read more...] about When Does It Make Sense To Choose “Married Filing Separately” On My Taxes?
Congrats! You just finished college, or grad school, or law school, or business school! Now, it’s time to figure out what student loan program you’re going to choose to pay back your student loans. If you have a reasonable amount of student loans in relation to your income, then you will most likely want to choose the 10 year standard repayment method so that you can pay them off … [Read more...] about Student Loans: Pay As You Earn, IBR, ICR, PSLF, and OMG This Is Confusing!