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Our blog is designed to provide information regarding some of the critical topics those with student loans must be aware of to be able to make educated decisions regarding their future.

Take Advantage of the $2,000 Lifetime Learning Credit, an IRS Tax Break for Higher Education

IRS Tax Breaks for Higher Education The IRS offers three tax breaks for the costs of your higher education. Lifetime Learning Credit (LLC) – $2,000 American Opportunity Credit (AOC) – $2,500 Tuition and Fees Deduction – $4,000 You can only choose one each year, so be sure to choose the one that will give you the most money…

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6 Ways to Get a Loan for People With Bad Credit

Sometimes life gets messy. If you’ve hit a rough patch and your credit has taken a nosedive, you might find it hard to get a loan when you need it the most. The good news is that there are loans for people with bad credit. You just need to know what to look for and what to watch…

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Where to Apply for a $3,000 Loan

Unexpected expenses can come out of nowhere. Your car’s transmission gives out; a pipe bursts in your house; or you have an emergency medical procedure. There’s no avoiding these expenses, and maybe your bank account is tapped out. What do you do? One option is a personal loan. As with any loan, you should be careful before you…

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How Much Does a Master’s Degree Cost in 2017?

Attaining a master’s degree broadens your career path and results in a lower unemployment rate as compared to those with less education. You can even expect to make around 20% more than your bachelor degree-holding counterparts. However, this benefit and many more come at a cost. Exactly how much does a master’s degree cost? According to Sallie Mae,…

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uncle sam tax offset

How to Avoid a Student Loan Tax Offset

If your federal student loans are in default, you might face a tax offset when tax season comes. The IRS could take some or all of your tax refund and use it to pay off your defaulted federal loans. Below, we’ll fill you in on why tax offsets happen, and how. You’ll learn how to know if you’re…

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A man and a woman climbing a ladder to receive a graduation cap using stafford loans

Stafford Loans and Everything you Need to Know

If you’ve filled out the FAFSA (Free Application for Federal Student Aid), you know that one of your potential sources of aid is in the form of student loans, and specifically, Stafford Loans (also known as Federal Direct Loans). But what exactly is a Stafford Loan, and what do you need to know before you accept one as…

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earned income tax credit

What Is Earned Income Credit & Top 10 Things to Know

The Earned Income Tax Credit (EITC) is a benefit provided to working people with low to moderate income. The EITC reduces the amount of taxes you owe and might result in a refund. The earned income credit was created to offset Social Security taxes while giving people an incentive to work. Here are the top 10 things to…

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FAFSA Deadline for 2018-2019 and Things You Need To Know

Procrastinators beware — the longer you wait to submit your Free Application for Federal Student Aid (FAFSA), the less money you’re likely to receive. The FAFSA deadline for the 2018-2019 school year is June 30, 2019, but submitting your FAFSA as close to the application opening date of October 1, 2017 increases your chances of getting aid. What…

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When Credit Card Interest is Tax Deductible

When you sit down to calculate your federal income tax, you look for every possible tax deduction you can legitimately claim. Americans spend significant amounts of money each year on credit card interest as they try to pay down their debt. On the hunt for deductions, many people ask themselves: Is credit card interest tax deductible? Unfortunately, credit…

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American are Spending Again: Average American Debt in 2017

It’s only 10 years after our worst economic crisis since the Great Depression, and Americans seemed to have forgotten all about it. Average American debt has soared yet again. Total household debt in the nation was $13 trillion in the third quarter ending September 30, 2017. This was the 13th quarter in a row that household debt increased.…

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