What to do with Zero Percent Interest Rates
The Department of Education announced that all federally held student loans will have a 0% interest rate for a minimum of 60 days starting from March 13th, 2020. The good news is that it should automatically apply to your loans by the end of the week! However, to be...
Optimize Repayment during Interest Waiver Period
Paying off your student loan debt faster just became easier following the federal interest waiver announcement last Friday. While your student loan payment remains the same, your entire payment may go directly towards your principal balance. Now is the time to...
Marriage, Divorce, and Student Loans
While marriage is about love and commitment, there are also legal factors to consider before taking part in this union. For those already married and considering divorce, the legal ramifications of this separation take center stage. Whether you are thinking of tying...
Can you Deduct Paid Student Loan Interest on Your Tax Return?
The student loan interest deduction survived the final version of the GOP tax bill. You can still claim a deduction up to $2,500 per year on the student loan interest you paid. The tax benefit applies to individuals earning less than $65,000 and married couples...