College students can expect to cough up even more money as they borrow for school next year. Starting in July, interest rates will rise on new federal loans for 2017-2018. Rates were set based on the Treasury Department's May 10 auction of 10-year notes. For new loans disbursed from July 1, 2017, up to June…Read more
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The student loan interest deduction is one of the few tax benefits that favors the taxpayer with limited income who doesn’t own a home, has no children, and otherwise would be hard-pressed to find a way to lower his or her tax bilL Under current law, taxpayers with income of less than $80,000 ($160,000 if…Read more
On April 26, 2017, the White House unveiled a plan to provide “tax relief to both our corporations that will help grow jobs, and to middle Americans.” In a briefing, Secretary of the Treasury Steven Mnuchin and Director of the National Economic Council Gary Cohn admitted that the President’s plan takes away a critical benefit…Read more
Most people want to know how to pay off their student loans fast. Student loan debt has become a normal part of attending college. It can be shocking to realize just how much you owe once you graduate. Your student loan payment can hold you back from doing the things you love, it takes a…Read more
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