Question: When is student loan debt a deal breaker?

Should debt be a deal breaker?

By no means does debt have to be a deal breaker if youve thought it through and accepted the situation. Many relationships can absolutely withstand the challenges that debt presents. You can be your partners support system as they work through their debt.

Can I pay off my girlfriends student loans?

Your partner may be eligible for loan forgiveness on federal student loans if they meet one of the requirements listed by the federal government. One of the most common ways to qualify for loan forgiveness is to work for a federal, state, or local government, or a non-profit, for a certain number of years.

Can student loans take your house?

Once federal student debt is in default, the government is able to garnish your wage, your Social Security check, your federal tax refund and even your disability benefits. If the government wins, they can place a lien on your home and even force a sale.

Are there any tax benefits to paying off student loans?

While there isnt a student loan tax credit for borrowers who are repaying student loans, there is a tax deduction for up to $2,500 in student loan interest that allows qualified borrowers to reduce taxable income. There are also a few credits you can take to help cover costs while youre in school.

What is Red Flag TikTok?

The newest trend on TikTok is to introduce yourself as the biggest relationship red flag youve ever ignored. The trend seemingly started on Dec. She then went on to reveal the major “red flag” from her relationship, which was simply that her exs name was Jake.

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