All posts tagged: student debt

Six ways to tackle your college loans

“The most important investment you can make is in yourself.” -Warren Buffett Yesterday, I wrote this post about things to consider when taking out College loans. As Warren Buffett mentions in the quote above, I still believe that taking out a college loan is one of the best investments you can make for yourself. Now that you are out of school and in the midst of your career, here is some quick advice on how to tackle your College loans. Write off the interest–“You can deduct up to $2,500 of student loan interest paid in a given year. As with many tax rules, there is an income limit to this deduction. Your modified adjusted gross income cannot be more than $80,000 (or $160,000 for married couples filing jointly).” (Source: Huffington Post) Refinance– The national interest rate for federally funded college loans sits at 4.45% as of August, 2017. If you have any loans higher than that, see if you can refinance and lock in the rate now before they go up. If you took out a private loan, which often has interest rates much …