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The loan was for a dependent: If you took out a loan in your own name for someone else like a child or other dependent, you can take the student loan interest deduction.
A person who receives a $5,000 company bonus and has a student loan with a $5,000 balance would be able to pay off the loan in full. Extra payments mean the debt will be paid off more quickly, but ...
High-interest debts — credit cards, private student loans and personal loans, especially payday loans — should generally be prioritized over extra payments toward student loans. Saving to Buy ...
One such client, whom he called Sarah, a recent graduate with $50,000 in student loans at an average 6% interest rate, reduced her three-year repayment term by cutting non-essential expenses and ...
As expected, the U.S. Supreme Court struck down President Joe Biden's federal student loan forgiveness program last week, which means that more than 45 million borrowers will soon have to begin...
Use resources like student loan refinancing calculators and prequalification methods to make an educated decision. Don’t rush into refinancing and risk ending up in more debt down the road.
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