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Student loan forgiveness can come with a tax bomb

Student loan forgiveness may be a sweet deal for borrowers, who have collectively accumulated more than $1.3 trillion in debt. The downside: a potentially big tax bill down the road. The federal government currently offers two types of loan forgiveness for student debt: public service loan forgiveness and loan forgiveness provided by income-based repayment plans, […]

For-Profit Colleges Account for a Third of All Federal Student Loan Defaults

For-Profit Colleges Account for a Third of All Federal Student Loan Defaults Even though they account for just 26% of all federal loans. Over one-third of federal student loan defaults can be attributed to students at for-profit schools. Students at for-profit colleges accounted for 35% of defaults during the three year period starting in 2013—down […]

Why Consolidating Student Loans Through Refinancing Can Do More Harm Than Good

Refinancing debt to consolidate multiple loans into a single one is a standard of debt management. Sometimes it’s to get access to a more favorable interest rate. Sometimes it’s to reduce the monthly payment requirements by stretching them out of a longer repayment period. And in some cases, it’s just for the administrative ease and […]

Everything You Need to Know About Repaying Your Student Loans

  Everything You Need to Know About Repaying Your Student Loans Kim Clark @Money_College Oct. 30, 2015 College loans coming due? Here’s help. For about 1 million college students, including many members of the Class of 2015, student loan payments will start coming due on Nov. 1. If you’re part of that group, you may […]