Education

At a Glance Student loan debt in Tennessee poses a significant challenge, averaging $34,607 per borrower. Rising tuition costs, lack of financial literacy, and job market factors contribute to this issue, impacting individuals seeking higher education. Initiatives, repayment programs, and exploring …

At a Glance Being a single parent and paying for college can be overwhelming, but various financial aid options are available to help achieve educational goals. Government grants, scholarships, and student loans are resources for single moms and dads, with the importance of exhausting grants and sch…

At a Glance Proving undue hardship for student loans is a challenging process. You must meet the strict criteria of the Brunner Test, demonstrating an inability to maintain a minimal standard of living, persistent financial difficulties, and good faith efforts to repay loans. Alternatives to bankrup…

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At a Glance Discretionary income and student loans have a significant impact on each other. Understanding their connection is crucial for managing loans. Discretionary income, the money left after essential expenses, can be used to speed up loan repayment and explore refinancing options. It also all…

At a Glance Understanding the tax implications of financial aid and student loans is crucial. While grants and scholarships are usually tax-free, work-study earnings and part-time job income are taxable. Student loans are generally not taxable, but loan forgiveness programs may have tax implications…

At a Glance Alaska, Arizona, California, and Colorado provide up to $90,000 in forgiveness for service in underserved areas. Programs in states like Idaho, Iowa, and Kentucky offer significant relief. Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon, Rhode Island, Virginia, Washington,…

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At a Glance The average student loan debt in Arizona is around $34,712, with significant variations across counties. Maricopa County, encompassing Phoenix, reports higher debts averaging $38,500 due to its dense concentration of higher education institutions. In contrast, Pinal County has a lower av…

At a Glance The average student loan debt in Louisiana is around $33,823, slightly above the national average. Debt varies across cities, with New Orleans and Baton Rouge notably impacted. Louisiana offers various loan repayment programs, including federal income-driven plans and forgiveness options…

At a Glance Average student loan debt in Maryland: $39,505 (60% federal, 40% private loans). Prestigious universities contribute to high tuition fees and student debt. Maryland offers repayment programs (Janet L. Hoffman LARP, John R. Justice Grant) and alternative solutions (SmartBuy, SmartWork). C…

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At a Glance Indiana offers student loan forgiveness through programs like the Richard M. Givan LRAP for public service workers. Law schools, such as Indiana University Maurer and Notre Dame, have their own loan assistance programs. Ensure eligibility, apply with necessary documents, and explore fede…

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