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

Answer 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 »

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Can You Still Get Student Loans After Filing Bankruptcy?

Furthering your education beyond high school or earning an advanced degree can be a worthwhile goal, but it can be expensive. Many people need to take out student loans to finance higher education.... Read More »

Does consolidating student loans count towards an aggregate amount?

A new consolidated student loan does not add to the aggregate amount of your student loans. Money borrowed directly from subsidized and unsubsidized Stafford loans, however, does contribute to the ... Read More »

47% of income paid to Student Loans?

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How Does FAFSA Count Income if a Student Works Full-Time?

When applying for federal student aid, you will need to report your income for the previous tax year on the Free Application for Federal Student Aid (FAFSA), as well as your parents' income if you ... Read More »