The U.S. Department of Education announced a 90-day extension of the pause on student loan repayment, interest, and collections through May 1, 2022. The extension will allow the Administration to assess the impacts of the Omicron variant on student borrowers and provide additional time for borrowers to plan for the resumption of payments and reduce… Continue reading Student Loan Pause Extended Through May 1, 2022
Category: Student Loans
Student Loan Tax Offset Hardship Refund
College is a time for you to become independent, make lasting memories, and pursue an education that leads to a career you’re passionate about. However, higher education can come at a cost. Once you graduate, you may have forgotten about all of the student loans you borrowed over the years to pay for your degree.… Continue reading Student Loan Tax Offset Hardship Refund
How Student Loans Could Affect Your Taxes?
Do student loans affect my tax returns? It depends. If you are still in school and receiving money from student loans, you should not consider that income, since you are obligated to pay it back. If you have graduated and are making payments on your student loans, then your student loans may affect your tax… Continue reading How Student Loans Could Affect Your Taxes?
U.S. Department of Education has Suspended Student Loan Debt Collection for 60 Days
Federal student loan borrowers late on their payments have been granted some relief by the Department of Education, which will stop the collections process for federal student loans in default, including wage garnishment actions, which won’t garnish their wages or withhold money from their federal benefits or tax refunds for at least 60 days starting… Continue reading U.S. Department of Education has Suspended Student Loan Debt Collection for 60 Days