Tag Archives: student loans
What Student Loan Borrowers Should Know About the ’23 Tax Season
This tax season might look a little different for student loan borrowers across the country for 2023. Biden’s plan for the cancellation of up to $20,000 in student debt for millions of Americans has been on hold because the supreme … Continue reading
Some States have Already Announced Whether or Not they Will Tax Student Loan Forgiveness
Recently, President Joe Biden announced his plans to cancel some student loan debts for millions of Americans across the country. Most borrowers making less than $125,000 per year or $250,000 for married couples filing jointly will qualify for $10,000 in … Continue reading
Department of Education Makes Huge Accounting Mistake- Costs Tax Payers Billions of dollars
According to a report from the Government Accountability Office, there is a drastic difference between the amount of money the federal government said student loan programs would generate, and the amount of money it costs taxpayers.… Continue reading
Biden May Extend Student Loan Pause into 2023, Among Other Relief
As it stands, the pause on federal student loan payments is set to expire on August 31st, but it seems as though the Commander in Chief is heavily considering extending that pause until 2023. Following the CARES act … Continue reading
Biden Cancels 5.8 Billion Dollars In Student Loan Debt, Largest In Governments History
This past Wednesday, the Biden Administration said it plans to cancel all current student loans for all students who attended any schools operated by Corinthian Colleges. These schools, according to the Department of Education, were one of the largest … Continue reading
Student Loan Moratorium Extended Through End of August
President Biden recently announced the federal pause on student loan payments will be extended until the end of August. Officials of the Biden Administration have been weighing this idea for several months now, struggling with deciding if they should extend … Continue reading
Typical Student Dependent Support Issues
- Student Vehicle
- A vehicle’s fair market value is included in the student’s total support and support provided by the student in the year of purchase only if it is registered in the child’s name. In cases where the parents own