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Questions tagged [student-loan]

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.

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Pay off student loans vs pay myself and try to get PSLF? (is my math right?)

I am trying to decide between paying off my student loans in 5 years vs attempting to quality for Public Service Loan Forgiveness (PSLF), which I could conceivably do in 5 years. My options are to 1) ...
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1answer
416 views

Tansferring parent plus loan to a spouse

Can I transfer a parent plus loan I took out for my daughter's undergraduate education to my wife who works for a non-profit agency and qualifies for a 10 year loan forgiveness program?
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0answers
85 views

How can I stop the IRS from withholding refunds for a student loan that is already paid off?

I paid off my student loan over 10 years ago. The IRS is now withholding my refunds. How can I prove this loan has been paid?
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0answers
125 views

Student loans paid already but collection agency claiming loans are in default

I paid off my student loans via pay garnishments and the IRS taking 3 to 4 years of my tax refunds. Unfortunately, I have moved 5 times in last 2 years and I cannot find my files confirming this. ...
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0answers
36 views

Is the principal on student loans tax deductible in Canada?

A friend was suggesting to me that it would be wiser for me not to spend money that I am currently earning, since as a student, I am in a very low tax bracket / below the lowest tax bracket. Their ...
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0answers
158 views

Student loan question: Why are my interest payments different from month-to-month?

I am using Great Lakes to pay for two FFEL Consolidation student loans that are on the same account. The interest rate for both loans is 7.25%. For the past four months I have been making the minimum (...
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0answers
74 views

Will switching to PAYE from IBR reset PSLF qualifying payments?

I just got my renewed payment for my current IBR plan. I read an article comparing the two plans and it looks as though PAYE would benefit me more than my current IBR plan. The payment estimator on ...
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0answers
69 views

Medical bills; Student Loans with history of drug usage

I'm not sure this is the right forum for this question, so let me know if I need to move it. Additionally, I wonder if this ought to be split in two posts - one about how to pay off large medical ...
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38 views

Re-financing medical student loan from FAFSA to private lender?

I'm investigating the "best" approach towards my medical student debt. My outstanding debt is $400,000 with an interest rate of 6.8%. Presently, FAFSA is my Lender. I'm on the 10-year plan, which ...
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0answers
93 views

If I switch to an IBR based student loan program do I restart the clock on my “25 years of qualifying payments?”

I ask because I've been in repayment over 10 years. I've made 8+ years of full payments. 10 months of rehab payments. I defaulted after a hurricane destroyed our residence and a house fire 11 months ...
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0answers
33 views

Subsidised full-time course vs paid internship with student-debt?

My wife is looking at doing a teaching degree and is trying to decide between a standard two-year full time government-subsidised course which costs $6K/year and a three-year "internship" course where ...
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77 views

Opening a student account in the UK as a master student in Europe

I find myself in a messy situation as I did my bachelors in the UK, as a British citizen, and accordingly opened a student account with Halifax with who I was entitled to £1500 interest free overdraft....
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312 views

Defaulted private student loan for international student

I went to a private college where I had about 5k in loan money from that college per semester (non federal). Once I graduated I started paying it off (more than the minimum payment required) as I ...