Why This Expert Thinks the Student Loan Tax Bomb Probably Won’t Happen
The clear trend shows that the student loan tax bomb probably won’t happen for the borrowers on IDR Plans like IBR, PAYE, and SAVE
Latest Posts in Living with Student Loans
Living with student loans doesn’t mean putting life on hold. From buying a home to saving for retirement, we break down how to move forward financially—debt and all.
Student Loan Help From Family Could Mean Extra Taxes
Student loan payments from parents or grandparents can trigger an IRS gift tax, but exceptions exist to avoid having to pay any taxes.
My Plan for the Student Loan Tax Bomb
The student loan tax bomb may or may not happen. My plan uses a Roth IRA to save for retirement and prepare for big tax bill.
Should I Put Money in a 401(k) or Pay Down My Student Loans?
Having student loans doesn’t mean you should ignore your retirement accounts. In some cases, it is better to save for retirement than it is to pay down debt.
Are You Getting Suspicious Calls About Student Loan Consolidation?
Student loan consolidation is a legitimate process, but calls advertising consolidation services are often scams.
The Reason Your Credit Score Went Down After Your Last Student Loan Payment
Debt elimination is a good thing, but some borrowers see a temporary drop in their credit score when they pay off an old student loan.
Help! I Fell for a Student Loan Scam! How Do I Fix Things?
If you have fallen for a student loan scam, acting quickly to fix the issue is essential.
Refinancing and the Student Loan Interest Tax Deduction
For most borrowers, a student loan refinance will not change eligibility for the student loan interest tax deduction.
Paying Down Student Loans vs. Investing in a Roth IRA
Deciding between attacking student loans and investing in a Roth IRA usually comes down to interest rates and how much risk you can tolerate.
