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Can payday loan interest be reported on your income taxes?
No. Deductible interest includes student loan, investment, and qualified residence interest. Payday loan interest is considered personal interest. Personal interest isn't deductible.
What is a subsidized loan?
A subsidized student loan is a loan in which the interest payments are subsidized. In general terms there is no interest added to the loan until it comes due for payment. A non-subsidized loan requires interest payments during the time a student is in school
Can I deduct student loan interest in 2018 on my taxes?
Yes, you can deduct student loan interest on your taxes in 2018, up to a certain limit.
Is a student loan considered a secured loan?
No, a student loan is typically considered an unsecured loan because it is not backed by collateral like a house or car.
What is the maximum interest rate for a student loan consolidation loan?
The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.
Where can I find a good student loan program where the interest rate isn't too high?
There are student loan programs where the interest rate is reasonable. One of the best programs is the Sallie Mae Student Loan. The sie is www.salliemae.com/.
Can payday loan interest be reported on your income taxes?
No. Deductible interest includes student loan, investment, and qualified residence interest. Payday loan interest is considered personal interest. Personal interest isn't deductible.
What is an easy student loan?
An easy student loan is a loan for students going to college that offer a shortcut for payment but with high interest rates. Easy student loans are not trustworthy.
Is there a no interest student loan?
no
What does a student loan consolidation interest rate determine?
A student loan consolidation interest rate determines the amount of your monthly payment on your student loan. Higher interest rates would result in higher monthly payments.
What is a subsidized loan?
A subsidized student loan is a loan in which the interest payments are subsidized. In general terms there is no interest added to the loan until it comes due for payment. A non-subsidized loan requires interest payments during the time a student is in school
Where can I find information about student loan interest rates?
Student loan interest rates tend to vary depending on the type of loan. More information is provided by American Student Assistance, which can be found at www.asa.org.
Can I deduct student loan interest in 2018 on my taxes?
Yes, you can deduct student loan interest on your taxes in 2018, up to a certain limit.
Is a student loan considered a secured loan?
No, a student loan is typically considered an unsecured loan because it is not backed by collateral like a house or car.
What is the maximum interest rate for a student loan consolidation loan?
The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.
Is the interest accrued on a student loan simple or compound interest?
its compound interest
What are the student loan consolidation interest rates?
As of July 2010, you can get a student consolidation loan through the federal government. The interest rate can range from 6.62%-8.25%. 8.25% is cap for any student loan consolidation.
