Interest rates for federal loans taken out on or after July 1, 2019 will have a significantly lower interest rate than last year. This is the first decrease in three years. The new fixed rates will be as follows: Loan Type2018-2019 Rate2019-2020...
Your student loan interest matters when doing your taxes. We’re not tax professionals, so we don’t offer advice on taxes, but we do know this much: Most borrowers can deduct up to $2,500 of student loan interest payments per year. Student loan interest deductions are...
