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Archive for December, 2007

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How long does take for a student loan creditor to report to credit bureaus a past due balance as finally paid?

Monday, December 31st, 2007

Curt F asked: Hi Experts!
I am recovering from a hit to my credit report in the form of two consecutive non-payments on a small student loan. The loan bill was sent to my parents house who are retired and have been in Europe for the past 3 months so I don’t completely […]

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Can I get a student loan in addition to my company tuition reimbursement?

Sunday, December 30th, 2007

NUnum1 asked: My company will reimburse up to $5250/year for tuition. Would I be also be able to take out a student loan or do I have to pay the tuition with out-of-pocket money? I didn’t have to go through the student loan process during my undergrad years so I am unfamiliar with […]

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Is it possible to get a private student loan without a credit history or a co-signer?

Saturday, December 29th, 2007

wrestlingguy87 asked: I currently have no credit history, and no available co-signer for a private student loan. I have exhausted my availability of government sponsered Stafford loans and Pell grants. I need a private loan in the amount of around 2000 dollars to supplement the remainder of my tuition that will be paid out-of-pocket through […]

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Payoff student loan or use it as deductable?

Thursday, December 27th, 2007

Cindy16 asked: My husband and I have around 30K student loan, interest is about 8%.
Right now we are paying monthly payment, sometimes pays extra in the good days, and hoping to pay it off sometime in the next 5-6 years.
But another hand, because student loan could be one of the income tax deductible, so we […]

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Is good credit possible after a defaulted student loan?

Saturday, December 22nd, 2007

Danie asked: My credit score was in the low 400’s after my student loan went into default. I am still confused how the other loans with the same company were in defferment but these were left off. I was just told too bad. My question is now that I have consolidated the […]

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How do I report a subsidized student loan I received in my taxes?

Friday, December 21st, 2007

ikechukwu86 asked: I received a lsubsidized CHASE student loan to the effect of $23955 in 2007 that has accrued interest of $635.29. How do I report this on my taxes? Any help would be greatly appreciated!Jane

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Can I claim my Canadian student loan interest on my US taxes?

Thursday, December 20th, 2007

galaxyy asked: I have Canadian (government) student loans (in Canadian dollars) which I am still paying back from my Canadian bank account whilst I live and work in the US. Can I claim my student loan interest on my US taxes?
Also do I claim the amount in Canadian dollars?Lillie

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Student loan interest acceptable if gained through garnishment?

Friday, December 14th, 2007

Leggie asked: I have student loan interest but have gained it through having my wages garnished. Can I still use this deduction or does it not matter?Yvonne

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How can I get a student loan after I declared bankruptcy?

Monday, December 10th, 2007

Heidi M asked: I’m finding it impossible to get approval for a student loan because I previously declared bankruptcy. I can easily get approved for a car loan, but not for my education. Anyone with ideas or information about this situation please respond. I have to pay for nursing school by August […]

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What is the maximum student loan interest you can reclaim on taxes per year?

Wednesday, December 5th, 2007

lankee06 asked: For instance, if i pay $5,000 vs $10,000 in student loan interest, do I get a bigger tax break or more money back if I pay $10,000 vs $5,000? Or is it capped at a certain amount once you pay a certain amount of money?Keith

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