In the News. Student Loan Interest Relief?

With student debt loads now over $1 trillion and rising, any relief is a welcome one for students. Especially since over 71% of students leave college with some debt.
Student Debt In a recent presidential executive order, qualified student borrowers of Federal Direct Loans can cap their monthly loan payments to 10 percent of discretionary income. The goal is to make this repayment option available by December 2015. The government is also going to focus on improving communication to holders of student loan debt to better outline the many available repayment options.
Remember, those with student loans can also reduce their taxable income in 2014 by up to $2,500 in qualified student loan interest payments.