Tax law changes relatively often. Major tax reform is rare, but rules and regulations, especially at the state level, have a tendency to fluctuate, and this can mean that you see slightly different results in your tax returns from year to year. For example, in 2018 a number of IRS filing changes took effect, including a much larger standard deduction and a lower mortgage interest deduction.… [Read more]
The Teacher Loan Forgiveness Program is a student loan forgiveness program by the United States Department of Education. The sole purpose of this program is to encourage individuals to enter and stay in the teaching profession without thinking too much about the loans which they have acquired during their academics. Teachers who provide full-time direct classroom teaching or classroom type teaching in a non-classroom setting for a period of five complete tax years and consecutive academic years in listed and eligible school or school district may have their loans forgiven if they have acquired a federal student loan.… [Read more]
Debt is a common problem that millions of Americans face each day. Debt can be overwhelming, exhausting, and feel as if it never ends no matter how hard to you try to get above a negative balance. For nearly one million Americans, in 2015, bankruptcy seemed like the only escape, the only way to break free from debt.… [Read more]
The President has said it. Senator Elizabeth Warren’s (D-MA) first stand-alone piece of legislation says it. Students around the nation have said it. The ‘tax man‘ and numerous economists have said it. But Congress doesn’t seem to get it, so let’s repeat it.
Without congressional and presidential action prior to Monday, interest rates on student loan will double.… [Read more]
In case you aren’t painfully aware that the student loan situation has gotten terribly out of hand, consider this: the average college graduate owes $25,000 in debt—what do you say to someone in that situation? Add to this the sublime impossibility of finding a job (days and days spent, dozens of CVs sent out… it’s like a ritual of sorts) and the proliferation of unpaid, or “for credit/experience/exposure” internships, and moving back home to your parents seems like more of a dire necessity than a sensible decision.… [Read more]