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Can a 21-year-old apply for their own student loans if their parent refuses to disclose their income?
Wiki User
∙ 18y ago
Yes, a person of such age is considered a legal adult in all U.S. states and therefore can enter into legal contracts such as student loans.
Wiki User
∙ 18y ago
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Do federal student loans count as income for tax purposes?
No. Student loans are borrowed money, and is not considered "income;" therefore, you do not include them on your taxes.
If you are making you monthly payments on your student loan can you still get your income tax at the end of the year?
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
Is it possible for a student to get a mortgage with a partner that is already employed full time?
Yes, as long as there is enough income to support the payment. If you as a student do not have any income, the other person will have to prove the income to support the new mortgage payment, any loans (car,/student loans), credit cards in both names and the taxes & hazard insurance.
You have no verifiable income and a large student loan debt in default what are your options?
Student loans live on forever until paid. They cannot be discharged in bankrupcy. You might try for a deferment due to income issues.
How do you stop a student loan wages garnisment?
You should consolidate your defaulted student loans and stop the wage garnishment. You can get an income-based repayment plan and pay as little as $0 a month, defending on your income and dependants. If you want help with the consolidation of your defaulted student loans, click on the link below
Is student loan reportable as income?
No, a student loan is NOT reportable income. Besides, it wouldn't make sense that immediate debt be considered income.
Do federal student loans count as income for tax purposes?
No. Student loans are borrowed money, and is not considered "income;" therefore, you do not include them on your taxes.
Will you have to disclose money that is in your children's savings accounts that you contribute to biweekly?
yes, because the question is, how did the money get in there?, from who....source of income..
How much income do you have to earn before you file income tax return as a student?
$10,000
If you are making you monthly payments on your student loan can you still get your income tax at the end of the year?
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
What does Nina mean with regards to mortgages?
With regards to a mortgage, NINA is an acronym for no income no asset documentation. In other words, a borrower doesn't have to disclose any information regarding to income or assets.
Can a student with 3 children file an income tax return if student loans are the only source of income?
No. Student loans, while you're receiving them, aren't taxable.For more information, go to www.irs.gov/individuals/students for the article, 'Taxable Income for Students'.Also go to www.irs.gov/formspubs for Publication 525 (Taxable and Nontaxable Income).
Can someone with a bankruptcy but above-average income and a low debt-to-income ratio co-sign a student loan?
No. If someone has a bankruptcy in their last 10 years with an above average income and a low debt-to-income ratio can't co-sign a student loan.
Do student grants have to be reported on income taxes?
ususally that would be no as financial aid is not considered taxable income
How do you deal with delinquent student loans?
You can consolidate delinquent student loans and get an income sensitive repayment plan.
Can student loans garnish unemployment income in Nevada?
yes
Does a family income affect a student's eligibility for a pell grant?
no.
