How can I take out a loan to repay my parents for school debt?

Background I am in the US. I got into a great school for undergrad that was expensive. My parents hadn’t prepared for this and borrowed against their home equity to help pay for it. The amount of this debt is approaching $80k. I pay them monthly, but that burden is still sitting on their home […] Read more
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Does crossing tax bracket matter when choosing to repay loans early?

I am a recent college graduate with student loans and a job which puts me at the top of the 15% tax bracket. I’m not sure how my career will grow at this point, but I was thinking it’s possible I’ll stay in the 15% bracket my whole life, especially if I get married. I’ve […] Read more
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Can I default on my student loans if I move to another country?

I am moving away from the USA and I don’t really plan on coming back. What are the consequences if I stop paying my student loans? My current debt is ~50,000 USD in federal loans. I know next to nothing about this subject, so any information would be insanely helpful. Please provide sources with your […] Read more
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Applying additional student loan payments directly to principal while on a income-based repayment plan

My sister has a federal student loan with a total balance of about 60K and an interest rate of 6%. Her income isn’t high so she’s eligible for an income based repayment plan with a monthly payment of 250. She’s frugal, so she can afford to contribute an additional 200 a month towards the loan […] Read more
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Should I get cash from credit card at 0% for 8 months and put it on loans?

I have approx $100K in student loans, and am still in my grace period. I am able to get approx $4K cash from my citibank card as a special promotion. I would not have interest on the card until April 1st, 2015. Is there any real benefit to maxing the card, putting the money directly […] Read more
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Private student loan balance not moving

I need help trying to figure out how to pay down my private student loan. The balance is almost $20,000. Sadly at the time that I took the loan, the interest rate was 8.75% (I think it was actually higher at first, but then the bank dropped it to this). The minimum payments are always […] Read more
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Can I choose to refinance only some of my loans even if they are from the same lender?

I am looking for guidance on what to do about paying back my student loans. Unfortunately I work in the Human Services field and have not been able to afford to make significant payments on my loans since graduating but I feel like I am finally in a place financially to start making some progress. […] Read more
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If you share expenses, can someone else claim student loan interest deduction?

I live with my fiancee and we share all of our expenses, car, bank accounts, etc. I’m at the max I can deduct in student loan interest, can she claim the rest of it under her taxes? Its paid out of our joint checking, which she has direct deposit to. Read more
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Getting around Gift Tax in US

I’ve been transferring money to my fiance’s account to help her pay her student loans. I just realized that I went past my yearly gift tax allowance for her ($14,000 for 2013) by $3,000. I realize I’ll need to state this in my taxes for next April. Unfortunately, she has a few more loans that […] Read more
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Do companies offer student loan repayment assistance?

Does anyone know which companies offer some type of student loan repayment assistance programs? I’m going to be helping Congress look at a new bill being proposed to make student loan repayment a tax deductible expense and we need to speak with a couple companies that have already made this type of program a part […] Read more
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