If youâre a borrower who paid interest on a qualified student loan, itâs possible to deduct some or all of that interest on your federal income tax return with a special tax form for student loans. To do so, youâll need to acquire a student loan tax form commonly known as IRS Form 1098-E. You […]
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Trying to manage multiple student loans can feel overwhelming regardless of your financial situation. Consolidation or refinancing could help. But before you make any moves with your student loans, it pays to know which option can benefit you the most.
The post Consolidating vs. Refinancing Your Student Loans â Which Is Better? appeared first on Money Crashers.
College is expensive. That means that even if you saved up your pennies since you were five, are currently working two part-time jobs, with a clutch of scholarships in tow, you might still need a little extra student loan cash to help you pay for your degree. There are a number of ways to finance […]
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Dear Penny, My son and his girlfriend convinced my hard-working twins, a boy and a girl, to co-sign their student loans by telling them it was only for a year. Well, my boy twin signed for his brother. After I reamed him for tricking them, all is well. My son has a job and is [â¦]
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In order to get approved for some student loans, some borrowers may choose to apply with a cosigner â a creditworthy individual who will be legally responsible for repayment should you default, become disabled, or die. While there is no credit check or requirement to add a cosigner for most student federal student loans, students […]
The post 7 Easily Avoidable Mistakes When Choosing (or Removing) a Student Loan Cosigner appeared first on SoFi.
Weighing your childâs college education against keeping your own debt manageable is a tough balancing act. Parent student loans could help you fill gaps when other student aid falls short. There are a variety of student loans available to parents who are interested in helping their child pay for college. Parents can consider either federal […]
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There are a few different options when it comes to financing a college education, and itâs important to understand the pros and cons of each. Then, youâll likely be better able to develop a funding strategy that fits your unique situation. Depending on your academic qualifications, you may have been awarded scholarships or grants, which […]
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Generally speaking, promissory notes are legally binding contracts that state the terms of a loan, such as the amount to be repaid, the interest rate that will be charged, and any other important terms and conditions of that particular loan. A student loan promissory note is no different; youâll be required to sign one, accepting […]
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