Several states are poised to collect income taxes on student loan forgiveness — a move that could leave some borrowers owing as much as $1,000 during tax season. Individuals in Indiana, Mississippi and North Carolina will almost certainly pay state income taxes on their forgiven federal student loans, according to representatives of those states’ revenue … Continued
This year’s high school graduates could take on nearly $40,000 in student loan debt in pursuit of a bachelor’s degree, according to a NerdWallet analysis. And with this debt stretching across federal, parent and private loan sources, the final cost of their education will grow far beyond tuition and fees. Today, it’s nearly impossible to … Continued
Student loan default starts the same way for everyone: a missed payment. Then, another. And another. Until nine total months — about 270 days — pass and your loan defaults. Three months later, it gets much worse. A debt collection agency now holds your debt, and you owe them the total balance of your loan along … Continued