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Look for graduate assistantships, fellowships, and scholarships to pay for the advanced degree. If you already have a lot of student debt from your undergraduate education, you may want to carefully consider and research if a graduate school degree (and the costs associated with it) will help you earn more money or advance your career. If you are on a REPAYE IDR plan, your monthly loan payment will be based on your household income regardless of your filing status.Married Filing Separately: monthly loan payments are based on borrower income only (for IDR plans) however, you cannot claim an interest deduction.Married Filing Jointly: monthly loan payments are based on household income (for IDR plans) and allow for a tax deduction up to $2,500 for student loan interest.Many people choose to delay marriage due to student loans.If you defaulted on a loan, your credit score will likely negatively impact your ability to get a mortgage.it’s made by a family member), your loans will be excluded from the DTI calculation If the monthly payment is not made by you (ex.A high DTI may make it hard to get a loan or limit the amount of the home loan you are offered.Student loans are included in the debt-to-income (DTI) ratio used to qualify for a mortgage. ![]()
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