Beware of Income Based Repayment
John McFie shares the pitfalls of the Student Loan Income Based Repayment Program and suggests alternatives to reduce or even bypass Student Loan debt.
Note: Some student loans are not taxable when forgiven. Here are some resources on this topic:
http://studentloanhero.com/featured/owe-taxes-student-loan-forgiveness/
http://www.finaid.org/loans/forgivenesstaxability.phtml
And if someone is insolvent (liabilities greater than assets - IRS definition) they can avoid the tax on forgiven debt,...
From: Life Benefits
Related topics : student loan programs for repayment
Sheila Bair: We should scrap the idea of student loan debt forgiveness
Former Federal Deposit Insurance Corporation Chair Sheila Bair discusses what the Trump administration should do about student debt.
From: Fox Business
Related topics : debt student loan