For example, if you have $ 25,000
worth of student loan debt forgiven and you're in the 22 % tax bracket (earning between $ 38,700 and $ 82,500 for a single person in 2018), that means you'll get a whopping tax bill at the end of the year for $ 5,500.
I graduated from college after 2.5 years with two undergraduate business degrees, honors, and around $ 20,000
worth of student loan debt.
Data from The Institute for College Access & Success suggests that the average borrower from New Hampshire has $ 36,101
worth of student loan debt that still needs to be paid.
I know several people that have over $ 100,000
worth of student loan debt.
He paid off $ 65,000
worth of student loan debt in two minutes.
Before he was President or in politics, he went to law school and accumulated about $ 120,000
worth of student loan debt.
This is understandable: Every day we hear horror stories of college students graduating with tens of thousands of dollars»
worth of student loan debt.
I currently still have over $ 60,000
worth of student loan debt.
In fact, students who graduated in the 2014 school year walked away with an average of $ 33,000
worth of student loan debt.
If you're worried that the tuition bills from your dream school could saddle you with several decades»
worth of student loan debt, it might be time to consider your options in paying for college.