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This is welcome news for the nearly 44 million student loan borrowers across the U.S. who, alone, carry a combined $1.6 trillion of Federal student loan debt, according to USA Today.
Federal student loan debt increased 267.1% between 2006 and 2023, according to the Education Data Initiative. In December, the House introduced legislation to increase the deduction limit to ...
Now that the student loan payment pause has come to an end, the reality of monthly student loan payments is sinking in. But thankfully, now there's a benefit that student loan borrowers can claim
Specifically, the American Opportunity Tax Credit refunds up to $2,500 for qualifying educational expenses during the first four years of higher education. Up to 40% of the credit, or up to $1,000 ...
In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [ 1] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...
Millions of student loan borrowers are waiting to see how the U.S. Supreme Court will rule on federal student loan forgiveness. In the meantime, taxpayers have some questions. Student Loan...
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