Do Student Loans Count As Income – Why Student Loans are an Income Tax
Do Student Loans Count As Income – 3 Tips
In this video, we explain why student loans are an income tax. How often does the income tax coming out of your paycheck keep you up at night? Ok, now how often do you feel stressed about your six-figure student debt?
Chances are your #StudentDebt is creating a lot more stress in your life than your taxes. In fact, paying more taxes can sometimes “feel good” because it means you’re making more money. What if you thought about your student loans that way, too? Not only can your education lead to greater earnings, but income-driven repayment plans can make loan repayment operate more like a tax than a debt. Let’s examine this idea further starting with how to calculate student loan payments.
Read our blog for further information and examples: https://www.studentloanplanner.com/student-loans-income-tax/
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Legal: Student Loan Planner is a financial coaching company and does not claim to provide financial advice on investment products. Refinancing federal loans causes the borrower to lose access to income-based repayment plans as well as the PSLF program. We may earn compensation from advertising partners when you click on links on our site. Student Loan Planner is not a debt settlement or debt relief company. We do not provide tax or legal advice.
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