A student loan is a loan taken for the purpose of education. Ideally the country tag should also be used as the response may differ based on the country.
8
votes
1answer
347 views
Are student loans tax deductible in US?
If I have a student loan from finishing my graduate degree, can I deduct its interest payments from salary for tax purposes?
Is there any education related tax credit that can be applied for payments ...
4
votes
3answers
114 views
What options are there for consolidating a large amount of private student loan debt?
I'm currently in a weird situation - I have a large amount of accrued debt (85k principal, ~15k accrued interest so far), spread amongst multiple smaller student loans. Some are federal stafford ...
4
votes
1answer
73 views
Federal Stafford Loan deferment options?
I have a question pertaining to Federal Stafford Loans, I think it goes here, let me know otherwise.
I have several student loans, Federal Stafford Loans to be exact, and the National Guard has ...
2
votes
1answer
97 views
Obtaining a Taxpayer Identification Number
I am a student on a F1 Visa in the US and would like to apply for personal student loans from Banks like Chase, Sallie Mae.
Being a non US Citizen and on a student Visa, I am unauthorized to work, ...
8
votes
5answers
3k views
How to transfer money to yourself internationally?
I tried to find a question that already answered this but surprisingly I wasn't able to. My situation is this: I'm from the U.S. and I have student loans there I need to pay off. However, I am now ...
3
votes
3answers
235 views
Under IRS rules, After what tax bracket or income range student loan interests are not effective?
Student loans generally have very low interest rates. Those interests paid work in your favor at tax time, for certain income and tax bracket group.
In the US, if you make more than what amount, ...
5
votes
1answer
136 views
Should I try to consolidate my student loans? If so, how should I do it? What traps should I watch out for?
I recently graduated with my Bachelor's degree in Computer Science. I now have student loans to pay off. I've heard that something that should be done with your student loans is consolidation, but I ...
2
votes
1answer
668 views
Will 5 years on OSAP's Interest Relief result in a one-time, permanent loan reduction on the order of 50%?
I was told by a friend that if you qualify for OSAP's Interest Relief for 5 consecutive years, then OSAP will offer to perform a one-time permanent Loan Reduction. This Loan Reduction, as I'm told, is ...
10
votes
8answers
1k views
Extra payments toward mortgage or student loans?
So I have roughly $5000 in student loans at 5% and about $65000 on my mortgage at 3.875% (5/1ARM). Should I put extra payments towards the student loan or the mortgage?
5% is higher, so if it's ...
2
votes
4answers
171 views
I thought student loans didn't have interest, or at least very low interest? [UK]
I was under the impression that UK student loans were really cheap credit, and were incredibly low interest rates. After hearing some radio shows on student finance their advice was to always pay the ...
7
votes
1answer
409 views
Can I save money on interest by paying a loan multiple times per month?
I'm paying off a student loan right now that accrues interest on a daily basis. Last month, for example, I got a bill where the principal was $25k and the interest was $150.
I pay about $500 each ...
9
votes
6answers
719 views
Should I pay off my student loan before buying a house?
Should I pay off my student loan before buying a house?
14
votes
3answers
917 views
Should I pay off my student loan before putting money into Roth IRA?
I have about $7K in student loans remaining at 6.25% I also haven't made a contribution to my Roth IRA for 2010. I'm thinking off paying off my loan at the end of the year, but that'll not really ...
3
votes
1answer
295 views
Ontario HST rebate: Canada Student Loan debt in default. Can they take my transition rebate?
I don't owe the Ontario government anything - not even student loans - but I do have a defaulted Canada Student Loan in default. Can they take my transition rebate?
14
votes
2answers
2k views
Paying off student loans early/lump sum — best practices?
My wife & I have run into a large sum of cash recently and are interested in paying off/paying down our student loans -- about $30k between us, at about 6.5% avg interest.
We're both earning ...
11
votes
7answers
2k views
Saving $1,000+ per month…what should I do with it?
I am able to save $1,100 a month, after all expenses and after paying the minimums ($225 a month on my 2.24% and 3.25% student loans). I want to make smart decisions with my money, but am not sure ...
10
votes
4answers
7k views
Will our hefty student loans affect our chances of getting a mortgage?
My husband and I live simply but we're content. I'm an avid budgeter and love finding ways to be frugal. My dilemma right now is that we've been able to keep our living expenses below what we make, ...
