Posts Tagged ‘Taxes’

Will student loan debt come out of my taxes?

Posted in Other - Taxes on 07/31/2010 01:20 pm by
violentjen84 asked:


I am behind on my federal student loan payments. I am $150 behind. I’m making my payments each month and adding more to catch up when I can. If I’m still behind on it when it’s time for taxes will they take that out of my tax refund if I don’t catch up on it?

Ann
 

Is it worth paying stud loan debt quicker or saving for house down payment?

Posted in Debt Management on 06/16/2009 01:36 am by
wow asked:


I don’t HAVE to ever buy a house because I’m single (&planning on staying that way) and happily sharing a large house with a roommate(only $450/mo.). I make about $3300/mo., but I have a $36,000 stud loan I’m paying on. I have no other debt and I can write-off the interest from the stud loan on my taxes.

I’ve been paying double payments on that loan recently, but I’m wondering if this is a bad idea. Should I only pay the minimum payments instead and save for a future house down payment in case I change my mind??????????????????

Alice