Tax Treatment of Interest on Student Loans

$100 dollar bills scattered around with a graduation cap laying on top that reads, "DEBT."

Student loans are a burden on many Americans, but thankfully there is a way to retrieve a portion of the money spent on the interest payments. For the interest on qualified education loans, the maximum deduction allowed for the taxable year is $2,500.  Single Filers Full Deduction < $70,000 No Deduction > $85,000 Joint Filers […]

Student Loan Forgiveness

woman carrying books in classroom

You could be eligible for student loan debt relief. If you received the Federal Pell Grant, you are eligible for up to $20,000 in relief and $10,000 for non-Pell Grant recipients. According to Federal Student Aid, if you’re an individual that made less than $125,000 in 2020 & 2021 or families that made less than […]