47% of income paid to Student Loans?

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Top Q&A For: 47% of income paid to Student Loans

How to Get Your Student Loans Paid Off?

Education is very important. For many jobs, a college degree is required before you can even be considered for the position. Before you can get your college degree, you need to have a plan to pay f... Read More »

Is the Interest Paid on Student Loans Tax Deductible?

Student loan interest represents a significant amount of educational expense. Although the interest on student loans can be lower than other installment plans, the amount over time can be substant... Read More »

Can i claim interest paid on student loans if i do not owe taxes?

You can claim the interest you paid on a student loan regardless of whether you owe taxes. The deduction lowers the amount of your income which is subject to taxation. Therefore, the overall bene... Read More »

Do Student Loans count as income for tax-filing purposes?

No student loans are not income. The E in EIC stands for earned, loan money isn't earned. You cant use that money to file income taxes on. If you have a spouse you might qualify that way.Sorry. T... Read More »