Tag: student loans

Other tax relief provisions of the CARES Act

There has been much discussion concerning the provisions for loan relief and payroll tax credits for businesses and the economic stimulus checks for individuals.  But there are several other provisions geared towards individual and businesses taxes: INDIVIDUAL PROVISIONS Charitable deduction...

The CARES Act brings help for both individuals and businesses amid coronavirus pandemic

The recently passed Coronavirus Aid, Relief and Economic Security (CARES) Act builds upon earlier versions of the CARES Act and is intended to be a third round of federal government support in the wake of the coronavirus public health crisis, succeeding...

Why you should think twice before relying on public service loan forgiveness

ShindelRock has recently had several clients in their residencies contemplate working for a certain hospital because of the possibility of student debt cancellation under the public service loan forgiveness program. As a word of caution, a recent CNBC article highlighted...

The tax consequences of student loan forgiveness

 When it comes to student loan forgiveness, there are four income-based student loan repayment options to choose from. They are: Pay As You Earn (PAYE) Revised Pay As You Earn (REPAYE) Income Based Repayment (IBR) Income Contingent Repayment (ICR)...

Possible discharge of student loans due to disability

Some physical or mental impairments can qualify you for a total and permanent disability discharge on your federal student loans and/or TEACH Grant service obligation Before your federal student loans or TEACH Grant service obligation can be discharged, you must provide...

The Moans and Groans of Student Loans

Today, most college students have to get student loans to pay for higher education.  Upon graduation, you have to start repaying those loans.  This can be a daunting task in many ways.  Here are some ideas that may make the...