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  2. Paid your student loans in 2023? You could qualify for this ...

    www.aol.com/paid-student-loans-2023-could...

    Federal student loan debt increased 267.1% between 2006 and 2023, according to the Education Data Initiative. In December, the House introduced legislation to increase the deduction limit to ...

  3. 8 million SAVE Plan borrowers placed in forbearance while ...

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    Houston - If you signed up for the new SAVE Plan to cut your federal student loan payments, you may have received a notice that your loans are now in forbearance.. The U.S. Department of Education ...

  4. Student Loans 2023: What Borrowers Need To Know About ... - AOL

    www.aol.com/finance/student-loans-2023-borrowers...

    Specifically, the American Opportunity Tax Credit refunds up to $2,500 for qualifying educational expenses during the first four years of higher education. Up to 40% of the credit, or up to $1,000 ...

  5. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [ 1] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...

  6. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [ 1]

  7. How Can I Reduce My Taxes? Your Tax Questions, Answered - AOL

    www.aol.com/reduce-taxes-tax-questions-answered...

    To be eligible to deduct student loan interest, individuals must meet the following requirements: You paid interest on a qualified student loan (a loan for you, your spouse, or a dependent) during ...

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