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Showing posts from January, 2022

Biden to Forgive Student Loans in August 2022?

  Alright folks I’m back with another student loan update! According to CNBC, Biden is set to make a decision on student loan forgiveness by the end of August 2022. Now while I’m not entirely sold that this is actually happening, there are several things for you to be aware of. First things first there is still no clear information on how much will be forgiven. While Biden did discuss student loan forgiveness of $10K during his campaign trail other sources have reported higher amounts of 50K. Of course, none of this is set in stone and we are all waiting to hear something. This is a thumbnail of my latest YouTube video on “Biden to Forgive Student Loans in August?” I am looking at the camera suspiciously while seated in my office. The background is red. There may also be income restrictions of who may qualify for student loan forgiveness. Single folks may have a threshold of 125K-150K while those who are married may be between 250K-300K. There is also some talk surrounding what typ

Tax Tips for Students 2022 (1098-T and 1098-E)

  Tax season is here and it’s that time again to gather all of your documents to submit to the IRS! The IRS officially opened for tax season on January 24, 2022 and for students, there may be a few additional items that you should submit to maximize your credits and deductions. After successfully completing my taxes, I decided to give you a few tips on the documents that are needed. My most successful video on YouTube with over 5K views focused on this topic so here are a few updates for this tax season! Figure 1: This is a thumbnail of my latest video “Tax Tips for Students 2022 where I am smiling while looking at the camera. I am wearing a brown sleeved shirt while seated in my office.   What Documents Do You Need? 1.       1098-T: This is your tuition statement from your university regarding how much you paid for your tuition and the scholarships/grants that you received. 2.       1098-E: This is your student loan interest statement from your student loan holder if you paid inte

Navient Student Loan Settlement

  Alright guys another update on student loan forgiveness is upon us! This time it’s not from Mr. Byron but instead it’s from one of the largest student loan holders in America. Navient formerly known as Sallie Mae will have to fork over 1.7 billion dollars in student loan forgiveness due to a recent settlement that found them to have participated in predatory loan practices that negatively impacted a countless number of student loan borrowers.   While 1.7 billion will go towards student loan forgiveness, another 95 million will be distributed as $260 payments.    Figure 1: This is a thumbnail of my latest YouTube video on “Navient Student Loan Settlement” where I have my hand under my chin while looking at the camera. I am wearing a grey shirt with lettering and my hair is short, black, and curly.  Instead of giving it’s borrowers the option to enroll in lower cost plans they were sold on the idea of forbearance which provided little to no help at all. Actually, borrowers were p