[ad_1] Key Takeaways Default happens when you fail to make payment on your student loans – typically for 270 days, though the timeline can vary by lender – and can result in wage garnishment, withholding of federal tax refunds and a damaged credit score. Options like repayment assistance or loan deferment may help you avoid…
[ad_1] Key Takeaways International students pursuing a STEM degree in the U.S. may find it difficult to fund their education with scholarships and grants alone. Options to bridge the financial gap include private student loans and part-time employment. Other ways international students can reduce costs include living off-campus with a roommate, carpooling and using free…
[ad_1] Key Takeaways If you took out an educational loan for yourself, your spouse or your dependent, you may be able to deduct the interest you paid on your taxes. The amount you can deduct depends on your modified adjusted gross income and is capped at a maximum of $2,500. Your lender should send a…
[ad_1] Key Takeaways Discover will stop accepting applications for student loans starting Feb. 1, 2024. Discover plans to sell its student loans business. Existing Discover Student Loans borrowers should keep an eye out for any changes. Discover Financial Services will no longer accept student loan applications as of Feb. 1, 2024, after announcing in November…
[ad_1] Key Takeaways: There’s no set rule for how much of your budget should go toward student loans, but a monthly payment that exceeds 10% of your income could be burdensome. You may be able to reduce payments by applying for an income-driven repayment (IDR) plan or refinancing your student loans for new terms. Making…
[ad_1] Key Takeaways If you find an error on your student loan bill, call your loan servicer immediately and ask the servicer to fix it. If you’re having trouble getting in touch due to long wait times, try email or online chat features. If you’re unsuccessful, you can file a complaint with the Department of…
