As of August 2013, it appears that the U.S. Congress has come to a compromise that will roll back the doubling of interest rates on student loans from 3.4 percent to 6.8 percent. The compromise ties student loan rates to the 10-year Treasury note, adding 2.05 percentage points for undergraduates and 3.86 percentage points for […]
“Student loan interest is deductible,” they say. Makes it sound like taking out student loans is such a good deal! But is it really such a good deal? I did the math to find out…
The IRS hasn’t updated its website yet, but according to the tax wizards at H&R Block, the same student loan interest deductions that applied in 2009 will apply in 2010. Great! How much will I save?
- Pwn (v.) Slang term derived from the verb own, as meaning to appropriate or to conquer to gain ownership. The term implies domination or humiliation of a rival.
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