Intro to Education
Repaying Student Loans
So let me get this straight: We’re planning on at least ten years of saving, four years of borrowing, and another ten years or more of repaying? Forgive me, but that sounds insane!
It can feel that way. And that’s why it’s so important to have a plan. And by the way, that plan had better include fully paying back the student loans you’ve taken out.
What makes student loans “sticky”?
They come with unusually strict lending requirements
They are unusually difficult to discharge during bankruptcy
They are unusually easy to discharge during bankruptcy
They come with unusually lenient lending requirements
What is the limit on the Student Loan Interest Deduction?
$2,500 per year
$15,000 per year
Interest on student loans is not deductible
There is no limit