Over the last couple of years, a common question has come up regarding capital gains taxes on student loan forgiveness planning investments. Capital gains on forgiveness planning is an excellent observation and a great thought experiment for anyone using an income-driven plan and anticipating forgiveness. I’m glad people are turning their wheels on how all […]
Student Loan Forgiveness Planning: Capital Gains Taxes Read More »
You’re running out of time to consolidate your loans If you have federal student loans, you owe it to yourself to read this. ***NEW UPDATE: CONSOLIDATION DEADLINE EXTENDED TO APRIL JUNE 30, 2024*** Why? Because there are time sensitive options you might need to pursue to save yourself lots of time and money. For over
Veterinary Student Loan Repayment: Trends from the trenches Read More »
What to do if you’re in The Pickle – or not Congratulations on your upcoming graduation from veterinary school, Doctors! Whether you’re in The Pickle or not, you have two critical homework assignments to complete before you graduate: File a 2023 tax return; and Review your student loan repayment options, particularly your income-driven repayment plan
2024 Graduating Veterinarians: Special Student Loan Timing Considerations Read More »
Numerous recent reports reveal FedLoan Servicing (PHEAA) is choosing to no longer service federal student loans at the end of this year. Specifically, their contract with the Department of Education expires on December 14, 2021, and will not be renewed.
FedLoan Servicing (PHEAA) to Stop Servicing Federal Student Loans Read More »
What is the one-time forgiveness count adjustment? The one-time forgiveness count adjustment for federally-held student loans is a lesser-known, more confusing, yet more widely available special benefit announced in April 2022. Anyone with federally-held student loans is eligible to receive the adjustment. Essentially, the adjustment will count any repayment time, and certain deferment or forbearance
Student Loan FAQs: The one-time forgiveness count adjustment Read More »
Does matching student loan payments for retirement contributions make sense for veterinarians? How SECURE 2.0 changes employer retirement savings plans Recently, Congress passed and the President signed into law the SECURE 2.0 Act of 2022. There are many updates and changes to tax-advantaged savings options in this legislation that are taking effect in 2023 and
SECURE Act 2.0: Retirement plan contributions tied to your student loan payments Read More »
Don’t miss out on this special one-time forgiveness count adjustment opportunity. There is a natural temptation to tune out all of the complex rules and regulations around federal student loans and repayment. With confusing repayment plan qualifications and ever-changing, time-limited expansions for existing borrowers, no one would blame you for ignoring the latest and greatest
Got Federal Student Debt? You’re Now Closer to Forgiveness Than You Think Read More »
Should you request a refund before the benefits end? The student loan pandemic forbearance benefits started on March 13, 2020. Interest and payments were suspended and the forbearance time counts towards forgiveness. Another provision in the Coronavirus Aid, Relief, and Economic Security (CARES) Act allows borrowers who made payments during the forbearance period to request
Pandemic forbearance payments are eligible for a refund Read More »
New features and resources help veterinary colleagues navigate significant changes in student loan repayment options The VIN Foundation announces multiple updates to the critically acclaimed Student Loan Repayment Simulator. The VIN Foundation is a 501(c)(3) nonprofit, providing tools and resources to support pre-veterinary students, veterinary students, and veterinarians throughout their careers. Listen to the recent
VIN Foundation Student Loan Repayment Simulator Adds Crucial Proposed Changes Read More »
Common questions and concerns around the most recent student loan announcements
Common Student Loan Consolidation Questions and Answers Read More »